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

DOORDASH INC - A (NASDAQ:DASH) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company’s strong technical setup and accelerating fundamentals make it a candidate worth examining for growth-oriented investors.

Technical Strength: Meeting Minervini’s Trend Template

DASH satisfies the key technical criteria outlined in Minervini’s strategy:

• Price Above Key Moving Averages:

  • Current price ($217.80) is well above the 50-day ($193.81), 150-day ($186.01), and 200-day ($174.61) moving averages.
  • The 200-day MA is trending upward, confirming long-term strength.

• Strong Relative Strength:

  • DASH has a ChartMill Relative Strength (CRS) score of 95.07, meaning it outperforms 95% of the market.

• Price Near 52-Week High:

  • Trading within 1.4% of its 52-week high ($220.88), indicating strong momentum.

• Positive Trends:

  • Both short-term and long-term trends are bullish, supported by rising moving averages.

Fundamental Growth Drivers

Beyond technicals, DASH exhibits strong fundamental growth:

• Earnings Growth:

  • EPS (TTM) grew 189.8% year-over-year.
  • Recent quarterly EPS surged 833.3% compared to the same quarter last year.

• Revenue Expansion:

  • Revenue (TTM) increased 23.4% year-over-year.
  • Quarterly sales growth remained robust at 20.7%.

• Profitability Improvement:

  • Profit margins expanded to 6.4% in the latest quarter, up from 4.9% in the prior quarter.
  • Free cash flow per share grew 322.7% over the past year.

• Estimate Revisions:

  • Analysts have raised next-year EPS estimates by 1.1% over the last three months.

Technical Report Summary

DASH’s technical report highlights:

• A perfect 10/10 technical rating, reflecting strong price action across all timeframes.
• The stock is trading near its 52-week high with bullish momentum and solid support levels.
• While the setup rating is 4/10, indicating some volatility, the long-term trend remains favorable.

For a deeper analysis, review the full technical report.

Our High Growth Momentum + Trend Template screener lists more high-growth stocks meeting Minervini’s criteria.

Disclaimer

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