DoorDash Stock: Should I Buy or Stay Away?

DoorDash stock jumped close to 80% on its first day of public trading today. The company already owns more than 51% of the US meal delivery market. The stock is poised to grow as more and more people order food online amid the coronavirus outbreak. DoorDash is way ahead of its competitors like Uber Eats.

Earlier in December, financial services firm D.A. Davidson started covering DoorDash at Buy with a $93 price target. The firm’s analyst said that DoorDash has a lot of room for growth, as it is currently serving just 6% of the American population.