Doordash is beginning to look more than just a food delivery app. The company’s basics and technology are lined up to set the break stage at a new record high, as it has become more dashing with the delivery of artificial intelligence and self-driving cars. These new vehicles, inserted in the monthly chart below, could expand the company’s entire addressable market and improve operating leverage over time. We increased our holdings in Dash from 2% to 3% in our tactical alpha growth (TAG) portfolio last week. “Fast Money” account Active OPPS holds a 3.6% allocation, but with the above breakout confirmation, it is expected to increase to an allocation of 5% or more. The technical monthly chart shows the five-year battle to surpass $260 a month. With around four hours and $7.83 cushions for the month (and quarter), we are sure the monthly candles will approach, attracting additional breakout buyers and investors. The dash/spy ratio below is pointed out higher than the higher market and the broader market relative performance. Turning to the daily charts, classic cup and handle breakout patterns form just above the aforementioned $260 monthly resistance level. If we can see Dash Break over $280, this will further confirm that we have a breakout. On Monday, we saw an average solids volume of 30 million shares over the course of 50 days. Midway through today’s session, we see signs of an external reversal day, but the “growthed” name shows signs of weakness, as there are wider market weaknesses of looming government closures. If politicians can put their actions together and keep the government open, dashes have a lighter volume day, and for example, less than 2 million shares are traded, I think it’s still up. Bundamentals KeyBanc announced its third quarter mobility & distribution survey and left Doordash’s growth outlook, particularly with its core distribution industry and new adjacent categories. In the survey, 39% of respondents designated Doordash as the most popular food delivery service, more than twice the share of Uber. Revenue growth is expected to grow at 23% at $13.19B in 2025, with GAAP EPS expected to grow from a whopping 765% to a whopping $2.47. This is GAAP revenue. Non-GAAP is expected to rise by 86.9%, reaching $5.02 this year, compared to 2024’s non-GAAP revenue of $2.69. This is a huge growth. -Todd Gordon, founder of Inside Edge Capital, LLC, offers active stock alerts, portfolio management, and regular market updates like the ideas mentioned above. Disclosure: Gordon owns dashes personally and at his wealth management company’s internal edge capital. All opinions expressed by CNBC Pro contributors are their opinions solely and do not reflect the opinions of CNBC, NBC Universal, its parent company or its affiliates and may have been previously sown on television, radio, the Internet, or another medium. The above content is subject to our terms and conditions and privacy policy. This content is for informational purposes only and is not aware of any financial, investment, tax, legal advice or recommendations for purchasing security or other financial assets. Content is inherently general and does not reflect the unique personal circumstances of the individual. The above content may not be suitable for your particular situation. You should strongly consider seeking advice from your own financial or investment advisor before making any financial decisions. For the full disclaimer, click here.
