Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
DASH surges 21.6% fueled by collaboration with Old Navy and independent growth

DASH surges 21.6% fueled by collaboration with Old Navy and independent growth

Bitget-RWA2025/11/15 05:02
By:Bitget-RWA

- DoorDash shares surged 21.6% in 24 hours after announcing a new on-demand apparel delivery partnership with Old Navy and expanding autonomous delivery in Miami. - The rally followed Q3 revenue growth of 27.3% and a cybersecurity breach disclosure, with the company enhancing security measures and settling a $18M Chicago lawsuit over alleged deceptive practices. - Despite recent gains, DASH remains 26.1% below its 52-week high after a 15.5% drop in October due to weak earnings and EBITDA guidance, with ana

On November 15, 2025,

jumped 21.6% in a single day, reaching $90.2. Over the past week, DASH climbed 24.42%, saw a 71.04% increase in the last month, and surged 138.67% over the previous year.

Shares of DoorDash (NYSE:DASH) advanced 5.6% during morning trading after the company revealed a new on-demand delivery partnership with Old Navy, a clothing retailer. DoorDash pointed to rising demand for quick apparel delivery and described the partnership as a significant step in broadening its reach beyond food services. This announcement followed the release of its third-quarter results, which reported a 27.3% increase in revenue compared to the previous year. In addition,

extended its partnership with Coco Robotics to introduce autonomous deliveries in Miami, furthering its commitment to innovation.

Analyst feedback also contributed to the stock’s upward trend. One analyst reiterated a Buy recommendation, calling the recent price decline a “buying opportunity.” Despite this, the stock has experienced notable volatility, with 14 instances of price swings greater than 5% in the past year. Today’s strong performance is largely viewed as a response to strategic advancements rather than a fundamental shift in the company’s valuation.

Back in October, DASH fell 15.5% after its third-quarter earnings missed profit forecasts and its outlook for the fourth quarter disappointed investors. While revenue of $3.45 billion surpassed Wall Street’s expectations, GAAP earnings per share of $0.55 came in below the consensus estimate of $0.68. The company’s cautious adjusted EBITDA guidance also sparked concerns about future earnings. Year-to-date, DASH has gained 22%, but it is still trading 26.1% below its highest point in the past year.

Separately, DoorDash reported a cybersecurity incident that affected its platform. The company stated that an unauthorized party accessed user data, but there was no indication that the information was used for fraud or identity theft. In response, DoorDash upgraded its security protocols, provided additional staff training, and brought in an external firm to help with the investigation.

Additionally, the company agreed to pay $18 million to settle allegations with the city of Chicago regarding deceptive practices, such as listing restaurants without their approval and unclear pricing. DoorDash asserted that the settlement was not an admission of wrongdoing and emphasized that the disputed practices have since been discontinued.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!