This story was originally published here.
Ever since food delivery company DoorDash (NYSE:DASH) became a publicly tradable entity, the buzz surrounding DoorDash stock has remained loud and persistent.
For the bulls, DoorDash stock represents a stake in America’s post-pandemic “new economy.”
Without a doubt, the onset of the novel coronavirus precipitated an explosion in the food delivery business.
The optimists would contend that the resulting changes in consumer habits are permanent. On the other hand, the skeptics may argue that DoorDash stock simply went up too fast, too early.
Both camps have arguments that are worth considering. By analyzing the price action of DoorDash stock as well as the company’s position in the food delivery market, hopefully, we can determine whether it makes sense to own the shares now.
Story continues here.
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