DOORDASH INC - A (NASDAQ:DASH) - A Strong Growth Stock Meeting Minervini's Criteria

DOORDASH INC - A (NASDAQ:DASH) has emerged as a standout candidate for growth investors, meeting both Mark Minervini’s Trend Template and high-growth momentum criteria. The stock exhibits strong technical trends and accelerating fundamentals, making it worth a closer look.

Why DASH Fits the Minervini Trend Template

Minervini’s strategy focuses on stocks with strong uptrends and relative strength. DASH meets all key technical criteria:

• Price Above Key Moving Averages:
  • Current price ($204.77) is above the 50-day ($187.54), 150-day ($180.54), and 200-day ($168.63) moving averages.
  • The 50-day MA is above both the 150-day and 200-day MAs, confirming bullish alignment.
• Upward-Trending Averages:
  • The 200-day MA is rising, reinforcing long-term strength.
• Strong Relative Strength:
  • DASH’s relative strength (CRS) is 94.96, meaning it outperforms nearly 95% of stocks.
• Price Near 52-Week High:
  • Trading at $204.77, DASH is within 5% of its 52-week high ($215.25).
  • The stock is up 81% over the past year, well above its 52-week low ($99.32).

High Growth Momentum Fundamentals

DASH’s financials reflect accelerating growth, a key factor for momentum investors:

• Earnings Growth:
  • EPS (TTM) surged 190% YoY.
  • Recent quarterly EPS growth: +833% (last quarter), +185% (prior quarter).
• Revenue Expansion:
  • Revenue grew 23% YoY (TTM), with consistent quarterly growth above 20%.
• Profitability Improvement:
  • Profit margins expanded to 6.37% (latest quarter), up from 4.91% in the prior quarter.
  • Free cash flow per share grew 323% YoY.
• Analyst Upgrades:
  • EPS and revenue estimates for next year have been revised upward by 4.67% over the past three months.

Technical Outlook

DASH’s technical rating is a perfect 10/10, reflecting strong momentum across short and long-term trends. The stock is consolidating near highs, with support at $183.28-$183.51 and $171.96-$176.98. A breakout above $209.65 could signal further upside.

For a deeper technical breakdown, review the full technical report here.

Our High Growth Momentum + Trend Template screener lists more stocks with similar growth and trend characteristics.

Disclaimer

This is not investment advice. Always conduct your own research before making any investment decisions.