DoorDash, Inc. (NASDAQ:DASH) ranks among the most active stocks to buy according to Wall Street analysts. With a price target of $335, Citizens JMP reaffirmed its Market Outperform rating for DoorDash, Inc. (NASDAQ:DASH) on August 25. The firm emphasized the potential impact of autonomous delivery technologies on its operations while retaining its optimistic view of the food delivery platform.
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JMP stated that “Autonomy could significantly lower the variable cost of delivery, which would likely further accelerate adoption for DoorDash.”
In another vein, the European Union is expected to examine DoorDash’s $3.9 billion acquisition of Deliveroo through its streamlined merger process. Deliveroo is worth about 2.9 billion pounds as a result of this acquisition, which marks an important milestone in the meal delivery industry.
One of the largest online food delivery companies in the United States, DoorDash, Inc. (NASDAQ:DASH) operates a delivery platform based in San Francisco, California. Historically, the company has categorized itself into five business segments: platform services, advertising, non-restaurant services, international restaurants, and US restaurants.
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