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Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
DoorDash, Inc. (DASH)
DoorDash offers a logistics and technology platform to local businesses. The company's platform connects merchants, consumers and dashers. It completed its Initial Public Offering (IPO) in December 2020.
DASH is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of B. Shares are down 0.8% over the past one week and up 5.5% over the past four weeks. DASH has gained 106.5% in the last one-year period as well. Looking at trading volume, an average of 3,512,350 shares exchanged hands over the last 20 trading days.
Momentum investors also pay close attention to a company's earnings. For DASH, 12 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.24 to $2.39 per share for 2025. DASH boasts an average earnings surprise of 35.7%.
Investors should take the time to consider DASH for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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DoorDash, Inc. (DASH) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
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