How to Buy Doordash Stock
Doordash Inc
DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally.
Doordash stock last closed at $115.56, down 1.73% from the previous day, and has increased 73.07% in one year. It has overperformed other stocks in the Internet Content & Information industry by 0.38 percentage points. Doordash stock is currently +83.92% from its 52-week low of $62.83, and -19.38% from its 52-week high of $143.34.
At the moment, there are 408.91M DASH shares outstanding. The market cap of DASH is $47.25B. In the past 24 hours, 5.14M DASH shares were traded.
How to Buy Doordash Stock
Not sure how to invest in Doordash stock? Here's how.
- Decide where to buy Doordash stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Doordash stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your payment method and add your details.
- Analyze Doordash stock: The Doordash ticker symbol is DASH. Is Doordash stock a good investment? Should you buy shares of DASH? How do DASH's underlying business fundamentals look? Do top analysts think Doordash is a good buy? Why has DASH's stock price moved recently? (Hint: Our stock market research website can help you decide if DASH is a good stock to buy).
- Make your DASH trade: Decide if you will purchase DASH shares at the current market price or use a limit order to buy DASH shares at a specific price.
- Monitor your investment in DASH: Create a watchlist to track your position in Doordash shares.
Step 1: Decide where to buy Doordash stock
You will need an online brokerage account to access the NASDAQ market and buy DASH stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal information so you are able to buy DASH today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your investment account
Now that you have opened your account on the highest rated stock app, you can securely and quickly fund your account:
Check out the tutorial below to see the process of depositing money into your new investment account.
Step 4: Analyze Doordash stock
Once you have decided on the best place to buy Doordash stock, it's crucial to research their stock prior to investing, so you truly wrap your head around the risk and opportunity.
Overview of key DASH info
Fundamentals of Doordash
WallStreetZen was created to help average investors do better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on DASH's stock page.
Is DASH stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge DASH's true value.
Using relative valuations metrics:
- DASH could be overvalued based on its P/B ratio of 6.75x, relative to Internet Content & Information industry P/B ratio of 6.62x
You can access additional valuation research on DASH's stock here.
Is DASH a healthy company?
Signs that DASH is financially healthy:
- DASH's operating cash flow of $1.83B allows it to safely service it's debt of $547.00M.
- There are more short-term assets than long-term liabilities on the DASH balance sheet.
- DASH earnings of -$551.00M is not enough to cover its interest payments.
- DASH profit margin has gone up from -19% to -4.6% in the past year.
- There are more short-term assets than short-term liabilities on the DASH balance sheet.
Signs that DASH is not financially healthy:
- DASH has a relatively high debt to equity ratio of 0.63.
Is it a good time to buy DASH stock, according to analysts?
Out of 21 sell side analysts who give recommendations on DASH, the consensus analyst rating on Doordash is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent DASH Analyst Ratings
Brad Erickson, a top 5% analyst from RBC Capital maintains DASH with a buy rating and lowers their DASH price target from $175.00 to $165.00, on May 2, 2024.
Mark Zgutowicz, a top 8% analyst from Benchmark maintains DASH with a strong buy rating and lowers their DASH price target from $165.00 to $150.00, on May 2, 2024.
Youssef Squali, a top 1% analyst from Truist Securities maintains DASH with a strong buy rating and lowers their DASH price target from $155.00 to $145.00, on May 2, 2024.
Scott Devitt, a top 3% analyst from Wedbush reiterates DASH with a hold rating and maintains their DASH price target from $115.00 to $115.00, on May 2, 2024.
Jason Helfstein, a top 2% analyst from Oppenheimer maintains DASH with a buy rating and lowers their DASH price target from $150.00 to $125.00, on May 2, 2024.
You can dive deeper into what analysts are projecting on the Doordash stock forecast page.
DASH Trading Indicators
How is DASH performing as a company?
Last year, DASH revenue was $9.11B. Over the last three year, DASH's revenue has grown by 115.25% per year. This was faster than the Internet Content & Information industry average of 19.67%.
Dig into DASH's earnings and revenue performance here.
Who is buying/selling DASH?
Over the past year, insiders at DASH have sold more shares than they have bought.
Prabir Adarkar, PRESIDENT AND COO of DASH, was the latest DASH insider to sell. They sold $68,664.71 worth of DASH stock on May 1, 2024.
Research more about who owns DASH shares here.
Can I rely on DASH as an income stream?
No, Doordash doesn't provide an income stream by paying out dividends.
What do other investors have to say about DASH?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your DASH trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.
Click the Open Trade button and your broker will execute the order.
If you need additional assistance buying stocks on eToro, click the helpful video below:
Step 6: Monitor your investment in DASH
Now that you own some DASH stock, you'll want to keep up with your shares.
Make a watchlist to get the latest updates about your DASH stock.
DASH Feed
How to Buy Stock in Doordash
To reiterate, here are the 6 steps for buying Doordash stock:
- Decide where to buy Doordash stock
- Open your brokerage account
- Fund your investment account
- Analyze Doordash stock
- Make your DASH trade
- Monitor your investment in DASH
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Doordash, add DASH to your watchlist below.
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