DoorDash Joins Forces with Wolt

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Go back to DoorDash Joins Forces with Wolt

DoorDash (DASH) Stock Soars on Sales Beat, Raised Guidance and $8.1 Billion Deal to Buy European Delivery Platform Wolt

November 10, 2021 7:00 AM EST

Shares of DoorDash (NYSE: DASH) are up about 17% in pre-open Wednesday after the delivery company announced its Q3 results and a deal to acquire a Finnish delivery platform for around $8.1 billion.

DASH reported Q3 EPS of ($0.30), lower than the analyst estimate of ($0.28). Revenue for the quarter came in at $1.28 billion to beat the consensus estimate of $1.17 billion. Adjusted EBITDA came in at $86 million in Q3.

DoorDash is calling for adjusted EBITDA between $0 million and $100 million in the fourth quarter.

DoorDash stock received a major boost on the... More

DoorDash Inc. (DASH) PT Raised to $270 at Needham & Company

November 10, 2021 6:16 AM EST

Needham & Company analyst Bernie McTernan raised the price target on DoorDash Inc. (NYSE: DASH) to $270.00 (from $240.00) while maintaining a Buy rating following its deal for Wolt.

The analyst commented, "Following better than expected 3Q21 results and the announcement of the purchase of... More

DoorDash (DASH) shares surge 15.5% on Wolt deal

November 9, 2021 5:27 PM EST

DoorDash (NYSE: DASH) shares surge 15.5% on Wolt deal.

... More