Should DoorDash’s (DASH) Expansion Into Apparel and Home Improvement Spark a Fresh Look From Investors?

• DoorDash and Old Navy recently announced a new partnership enabling nationwide on-demand delivery of apparel just before the holiday season, while DoorDash is also expanding its autonomous delivery footprint through a broadened relationship with Coco Robotics in Miami and a new collaboration with home improvement retailer RONA in Canada.
• These collaborations highlight DoorDash's push into non-restaurant categories and advanced fulfillment technologies, signaling a broader vision for its platform beyond food delivery.
• We'll explore how DoorDash’s move into apparel and home improvement delivery signals an evolution in its long-term market opportunity.

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DoorDash Investment Narrative Recap

Owning DoorDash stock depends on your confidence in its ability to successfully broaden into new categories like apparel and home improvement while maintaining growth and profitability. The recent partnership with Old Navy and expansion of autonomous grocery delivery with Coco Robotics highlight ongoing innovation, but these announcements do not appear to fundamentally shift the key catalyst of sustained topline growth or the biggest risk of rising operational complexity and cost pressures in the near term.

The expanded relationship with Coco Robotics, especially its scaling into Miami and a broader robotics footprint, is directly related to DoorDash’s ongoing push for automation to manage fulfillment costs and support margins. This development ties into the company’s main short-term catalyst: realizing efficiency gains from technology to balance new market expansion and support healthier earnings growth.

However, against DoorDash's expanding ambitions, investors should be aware that...

Read the full narrative on DoorDash (it's free!)

DoorDash's narrative projects $20.4 billion revenue and $3.2 billion earnings by 2028. This requires 19.6% yearly revenue growth and a $2.4 billion earnings increase from $781.0 million.

Uncover how DoorDash's forecasts yield a $275.20 fair value, a 31% upside to its current price.

Exploring Other Perspectives

Twelve Simply Wall St Community fair value estimates for DoorDash span from US$194.09 to US$357.11 per share. As new fulfillment technologies roll out, your assumptions about DoorDash’s ability to drive efficiency gains could shape your outlook as much as any recent partnership; explore how your view fits among these diverse market opinions.

Explore 12 other fair value estimates on DoorDash - why the stock might be worth as much as 70% more than the current price!

Build Your Own DoorDash Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your DoorDash research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
• Our free DoorDash research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate DoorDash's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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