From Nasdaq: 2024-04-02 11:24:00

DoorDash partners with Lowe’s to expand local commerce presence, giving access to 1,700 Lowe’s stores for same-day delivery. Customers can purchase Lowe’s products through DoorDash app, enhancing selection offering for consumers nationwide. Participating Lowe’s stores accessible on DashPass for benefits like $0 delivery fee.

DoorDash’s shares have gained 39.8% YTD, outperforming Computer & Technology sector. Collaborations with Lowe’s and Alphabet signals growth. Drone delivery partnership with Alphabet’s Wing offers select customers Wendy’s meals via drone. Total orders increased by 23% YoY to $574M in Q4 2023, with Marketplace Gross Order Value up 22% to $17.6B.

DoorDash expands partner base with new retail partners like Camping World, Golf Galaxy, and JD Sports, diversifying marketplace to over 100,000 stores. SNAP/EBT payment options expanded to grocers, offering inclusive services to millions. Revenue for Q1 2024 expected to grow by 20.52%. DoorDash ranked #3 (Hold) with strong growth prospects.

Bill Holdings, with Zacks Rank #1, presents a strong buy opportunity in the technology sector with a projected long-term earnings growth rate of 23.64%. Free report highlights top stock picks for potential +100% growth, including a little-known chemical company with explosive upside potential. Opportunity to capitalize on strong market performance.



Read more at Nasdaq: DoorDash (DASH), Lowe Team Up for Nationwide Home Delivery