DoorDash, Inc. (NYSE: DASH)

DoorDash, Inc. (NYSE: DASH) is the market leader in U.S. food delivery with a 57% market share. 

The company operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally.

Today, the company serves 25 million customers with an army of “dashers” (delivery drivers).

DoorDash had its IPO in December 2020 at $174 per share. The stock then rose by ~40% to $245 per share by November 2021. However, since then, the stock price has slid down by approximately 70%, mainly due to the popping pandemic tech bubble and the high inflation and rising interest rate environment.

Given its strong financials and established market share, the company could be well positioned for a sharp increase in share price.