Can DoorDash’s Drone Delivery Ambitions Justify the Recent Surge in Stock Price?
Thinking about what to do with DoorDash stock right now? You are not alone. After a blockbuster year that has seen shares rally an incredible 98.3% over the past 12 months and over 65% year-to-date, investors are both excited and a little nervous. Just in the last month, the price popped another 14.1%, and even this last week delivered a respectable gain of 3.4%. There is clearly momentum behind this stock, but every jump brings new questions about whether the valuation is keeping up with reality or outpacing it.
Recent news has kept things interesting. DoorDash is stepping up innovation with plans to test autonomous flying drone deliveries out of San Francisco, adding yet another potential growth driver to their already ambitious…
