Valued at a market cap of $88.2 billion, DoorDash, Inc. (DASH) is a commerce platform that connects merchants, consumers, and independent contractors. The San Francisco, California-based company provides various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.
This commerce platform has lagged behind the broader market over the past 52 weeks. Shares of DASH have gained 8.5% over this time frame, while the broader S&P 500 Index ($SPX) has surged 14.3%. Moreover, on a YTD basis, the stock is down 9.7, compared to SPX’s 1.4% return.
