DoorDashNASDAQ: DASH

A potential combination of meal delivery companies Doordash and Deliveroo was reportedly discussed but rejected in May. Doordash approached Deliveroo about acquiring that company at that time, but talks between the two firms ended when they couldn't agree on a valuation, Reuters reported Tuesday (June 25).

DoorDash dominates the online food delivery market in the U.S. with a 66% market share and is present in 25 other countries. The company's financial performance aligns with its business strength, with potential for international expansion and a 12% CAGR projected for the industry. Despite a 15% potential upside, the stock's high beta warrants a Buy rating rather than a Strong Buy.

DoorDash's Project DASH Celebrates 100 Million Meals Delivered This Week DoorDash's Project DASH Celebrates 100 Million Meals Delivered This Week

The company's expansion into groceries and other areas is leading it into more direct competition with the technology giants.

DoorDash is introducing retail media solutions as it expands its alcohol delivery service. The company is expanding its alcohol delivery partnerships with several retailers, including select Food Lion, Giant Food and Stop & Shop locations, according to a Tuesday (June 11) press release.

DoorDash (DASH) partners with Academy Sports and Outdoors for same-day delivery of sports and outdoor essentials across 19 states.

New partnership offers consumers convenient, on-demand access to apparel, footwear, sporting goods and outdoor recreation equipment, and more KATY, Texas , June 10, 2024 /PRNewswire/ -- Academy Sports + Outdoors ("Academy") ( Nasdaq: ASO ) today announced a new exclusive partnership with DoorDash (Nasdaq: DASH), the local commerce platform, to offer on-demand delivery from Academy's 285 stores across 19 states during the upcoming Back-to-School season. Academy products can be ordered directly through the DoorDash app, helping consumers easily pursue their sports and outdoors passions by shopping for items they need delivered on the same day, in under an hour on average.

TORONTO--(BUSINESS WIRE)--DoorDash Canada (NASDAQ: DASH) is layering on the SPF in preparation for another year of Summer of DashPass, creating a one-stop destination for more from your neighbourhood – more shared memories with friends, more vibes under the sun, and more opportunities for savings. For the next eight weeks from June 3 to July 28, DashPass subscribers can enjoy discounts of up to 50% off* from their favourite stores and restaurants along with countless opportunities to enter for.

-  UNLIMEAT is now being sold on DoorDash's DashMart, the company's online convenience store, to make UNLIMEAT Kimbap available nationwide. LOS ANGELES , May 30, 2024 /PRNewswire/ -- Frozen kimbap has become extremely popular lately – it's flying off the shelves and has become a new sensation in Korean cuisine.