DoorDash Inc

Fight fire with fire

  • Sectors : Disruptive Technology
  • Companies : DoorDash Inc

Ratings and price correct at time of issue.

  • DoorDash Inc

    Closing Price: 13153c

  • RATING 18/01/22

  • PREVIOUS RATING N/A

DAVY VIEW

Like Deliveroo (ROO), DoorDash (DASH) disrupted Grubhub in the US. With a different approach and first-rate execution, DASH has dominated the ‘quick commerce’ market in the US. The Wolt acquisition will be transformative. Cutting through the DASH disclosure to restate the financials shows a less daunting valuation but one that is still somewhat full, in our opinion. We initiate with a ‘Neutral’ rating and a price target of US$155.

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Jan 18 2022, 06:55 GMT

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