BUZZ-DoorDash climbs on strong Q1 order forecast

Reuters

Feb 19

** Shares of food delivery platform DoorDash DASH.O up 12% at $194.70 premarket

** Co on Wednesday forecast Q1 marketplace gross order value (GOV) above Wall Street expectations, supported by steady demand and rapid expansion in grocery, retail and international markets

** Expects total value of orders placed through its platform in the range of $31 billion to $31.8 billion in Q1, above estimates of $29.61 billion

** Co's GOV for the quarter ended December 31 rose 39% to $29.68  billion, beating estimates of $27.65 billion

** 36 of 47 brokerages rate the stock "buy" or higher, 11 "hold"; their median PT is $275 - data compiled by LSEG

** As of last close, stock down 23.26% YTD

(Reporting by Kanishka Ajmera in Bengaluru)

((mail to: Kanishka.Ajmera@thomsonreuters.com))

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their median PT is $275 - data compiled by LSEG** As of last close, stock down 23.26% YTD (Reporting by Kanishka Ajmera in Bengaluru) ((mail to: Kanishka.Ajmera@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}