Is DoorDash (DASH) Stock Outpacing Its Computer and Technology Peers This Year?

Zacks
04-01

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has DoorDash, Inc. (DASH) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

DoorDash, Inc. is one of 611 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. DoorDash, Inc. is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for DASH's full-year earnings has moved 14.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, DASH has moved about 9% on a year-to-date basis. At the same time, Computer and Technology stocks have lost an average of 11.8%. This means that DoorDash, Inc. is performing better than its sector in terms of year-to-date returns.

Another stock in the Computer and Technology sector, Dassault Systemes SA (DASTY), has outperformed the sector so far this year. The stock's year-to-date return is 10.8%.

Over the past three months, Dassault Systemes SA's consensus EPS estimate for the current year has increased 0.4%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, DoorDash, Inc. belongs to the Internet - Services industry, a group that includes 37 individual stocks and currently sits at #134 in the Zacks Industry Rank. On average, stocks in this group have lost 16.5% this year, meaning that DASH is performing better in terms of year-to-date returns.

Dassault Systemes SA, however, belongs to the Computer - Software industry. Currently, this 32-stock industry is ranked #70. The industry has moved -10.5% so far this year.

Investors interested in the Computer and Technology sector may want to keep a close eye on DoorDash, Inc. and Dassault Systemes SA as they attempt to continue their solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

DoorDash, Inc. (DASH) : Free Stock Analysis Report

Dassault Systemes SA (DASTY) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10