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September, 2021

DoorDash Shares Nearing New Highs (DASH)

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DoorDash Shares Nearing New Highs (DASH)

Earlier this year, LikeFolio put out a bullish opportunity alert for DoorDash (DASH), citing continued strength in underlying consumer Demand relative to the elevated levels seen during the COVID lockdowns.

Our bullish thesis has proved correct — DASH shares have gained roughly +56% since our March entry – But can they continue to a new all-time high?
 
DoorDash’s Purchase Intent Mentions have leveled off slightly in recent months but remain higher than  pre-COVID levels: +14% vs. 2019 (90d MA).

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