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DASH
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12 days

DoorDash Stock Hits All-Time High on Record-Setting Results

1. DoorDash reported a net income of $285 million, reversing a prior loss. 2. Revenue grew 25% year-over-year, reaching $3.28 billion. 3. Total orders increased by 20% to 761 million this quarter. 4. Marketplace gross order value rose 23% to $24.24 billion. 5. Shares hit an all-time high and are up 60% year-to-date.

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FAQ

Why Very Bullish?

The strong earnings and growth metrics may drive sustained investor confidence, reminiscent of previous tech stock surges.

How important is it?

The exceptional quarterly performance indicates robust growth potential for DASH, influencing market perception significantly.

Why Short Term?

Immediate positive sentiment will likely increase demand for DASH shares in the next few quarters.

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