On October 2, DoorDash, Inc. rose 3.07% in regular trading, trading at $187.69/share, with turnover of $343 million. The rally was driven by a wave of strategic announcements spanning AI-powered ordering, drone delivery, retail expansion, and global workforce growth.
DoorDash launched an AI-driven text-based ordering service allowing US users to search, build carts, and complete orders via text message without opening the app, currently available through a waitlist beta. The company also introduced an AI connector for enterprise ordering that integrates with workplace tools such as Slack, enabling automated group meal coordination. Additionally, DoorDash unveiled DashOS, a unified platform for restaurant partners connecting marketplace, direct ordering, reservations, and loyalty services.
On the logistics front, DoorDash launched a custom autonomous drone delivery system for local businesses in Northern California, partnering with Chipotle Mexican Grill and Popeyes for initial pilot deliveries. The company also expanded its retail marketplace with Macy's, Anthropologie, The North Face, Vans, and Timberland, and announced plans to create 3,000 jobs in India through a new Hyderabad technology hub over the next two years. Analyst sentiment remains supportive, with Loop Capital recently raising its price target to $280 and maintaining a Buy rating.
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