DoorDash (DASH) – The Most Ridiculous IPO of 2020
Courtesy of Citron Research
$40 Price Target
In a year of many interesting IPO’s from disruptive data platform Snowflake to leading big data software player Palantir to mobile game engine Unity, there is one IPO that stands out from the rest as not all IPO’s are the same…
DoorDash (DASH)
There is no business that is more commoditized and competitive than having food delivered from the restaurant to your home. There is zero differentiation between Uber Eats, Postmates, Caviar, Grubhub, DASH, or any local provider. Even worse, this business model has no brand loyalty as the consumer just picks who will deliver their food for the cheapest price.
Yet, DASH is valued at over $50 billion!
It has been widely reported that the government is looking to crackdown on big tech. There is no easier industry to regulate than food delivery. This is happening as we speak and the race to the bottom has begun.
Below we will explain why this stock should trade to $40 quickly as insiders eagerly await to dump their shares.
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Here's a link to DASH's 5-day chart at Yahoo:
