DASH Up 20.16% in 24 Hours on New Apparel Delivery Partnership

On NOV 15 2025, DASH rose by 20.16% within 24 hours to reach $87.62, DASH rose by 22.95% within 7 days, rose by 69.02% within 1 month, and rose by 135.85% within 1 year.

DoorDash (NYSE: DASH) shares surged 5.6% in morning trading after the food delivery company announced a new partnership with Old Navy, an apparel retailer, to offer on-demand delivery of clothing and accessories. The collaboration marks DoorDash’s expansion beyond its traditional restaurant delivery business into the apparel sector. This move follows the company’s recent third-quarter earnings report, which showed a 27.3% year-over-year revenue increase.

The partnership with Old Navy was highlighted as a significant milestone, with DoorDash noting a rise in demand for on-demand apparel delivery. The company also announced the expansion of its collaboration with Coco Robotics to include autonomous delivery in Miami, broadening its delivery capabilities to include groceries and everyday essentials.

Analysts continue to monitor DoorDash’s stock for signs of stabilization after a sharp sell-off in early November. On Nov 7, shares dropped 15.5% following the release of third-quarter financial results that missed profit expectations and issued a weaker-than-expected fourth-quarter adjusted EBITDA forecast. While the company’s quarterly revenue of $3.45 billion exceeded analyst estimates, its GAAP earnings per share of $0.55 fell short of the $0.68 forecast. The guidance for Q4, which projected $760 million in adjusted EBITDA at the midpoint versus Wall Street’s $822.4 million estimate, raised concerns about the company's future profitability and triggered a sell-off.

Despite the recent volatility, DoorDash has gained 22% since the start of 2025, though it remains 26.1% below its 52-week high of $281.74 recorded in October 2025. Analysts at Needham have maintained a Buy rating on DASH but recently lowered its price target to $275 from $300, citing the need to adjust for recent market conditions.

DoorDash also reached a $18 million settlement with the city of Chicago over allegations of deceptive practices, including listing restaurants on its platform without consent and misrepresenting pricing to customers. The settlement included $5.8 million in delivery commission and marketing credits to active restaurants and $4 million in delivery credits for Chicago users.

The company’s recent cybersecurity incident in October, which involved unauthorized access to user data, prompted DoorDash to enhance its security systems and implement additional training programs for employees. The company emphasized that no evidence of data misuse for fraud or identity theft was found, and it has taken steps to prevent similar incidents.

Backtest Hypothesis

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