|Day's Range||4.80 - 6.00|
The US market for third-party restaurant food delivery services is expected to grow to $15.5 billion by 2022, according to Pentallect. Square (SQ) is a food delivery provider that competes with GrubHub (GRUB) and Uber. As part of its effort to capture a larger share of the food delivery market, Square is integrating Caviar with its restaurant management platform, Square for Restaurants, which it launched in May. Square for Restaurants has drawn strong interest from large restaurants.
Here are a few Internet stocks that can turn out to be good investments, given their favorable Zacks Rank and appealing fundamentals.
There was no doubt there was a market for consolidating food delivery and a stock like GRUB stock. Just as other sectors have found that focusing on what you do best — like make food — was better than trying to manage various other platforms to grow, so there was a need in food service.
DoorDash, in its latest funding effort, raises $250 million after the 5-year-old San Francisco-based start-up in March raised $535 million. DoorDash CEO Tony Xu says he plans to use the money to work toward serving every city in the U.S. and Canada and adding more restaurants. DoorDash, which competes with GrubHub, Uber Eats and Postmates, is not yet profitable.
DoorDash Inc.’s aggressive expansion drive has seen its valuation nearly triple in less than six months. In a press release, the food delivery startup revealed that it raised $250 million in venture capital funding that valued it at $4 billion. This latest cash injection came just five months after DoorDash tapped the likes of SoftBank Group Corp., Sequoia Capital and Singapore’s GIC Pte Ltd. sovereign-wealth fund for $535 million in a Series D financing round that valued it at $1.4 billion.
If you thought the local business review specialist was making a mistake transitioning to non-term ad contracts, think again.
Major equity indexes took a break on Wednesday, but the stock market bulls continued to pile into top-rated internet content stocks.
The video game company's quarterly profit beat was overshadowed by a guidance cut. The food delivery giant, by contrast, was rewarded.
GrubHub (GRUB) rose 16.0% in July to close at $121.89 per share. At the end of July, GrubHub was trading 166.0% above its 52-week low of $45.89 and 13.6% below its 52-week high of $141.06.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Thursday's trending stocks from the floor of the New York Stock Exchange.
, I wrote that, "Now that GRUB has reached our $130 price target traders may want to book some profits and let the balance run. Longer-term GRUB could rally into the $180-$199 area." GRUB pulled back since our July 25 update, but stopped short of filling the gap (see the first chart below). Let's review all the charts and indicators again to see if we want to take additional profits or wait out a sideways correction in this stock discussed by our own Jim Cramer Wednesday night on Mad Money.
Off and on the price chart of Grubhub (NYSE:GRUB), the time is right to nibble. Online food delivery operator Grubhub surged last week by more than 22% to record highs. Investors gobbled up the company’s much-stronger-than-expected second-quarter results.
Until there's a clear winner in the trade war with China, Jim Cramer told his Mad Money viewers, investors should expect a lot more volatility in the stock market. It's clear that President Trump is willing to sacrifice some of our best industrial companies, at least over the short term, in the name of fair trade, Cramer said. With the Chinese economy showing signs of slowing, Trump may be willing to increase the stakes even more for maximum pressure.
Millennials aren't just the new kids on the block anymore. The Millennial consumer clearly loves online and mobile platforms, following trends, and convenience, but now there are a new set of obligations. Here are the stocks to look at for this aging millennial generation!
GrubHub (NYSE:GRUB) just delivered a sumptuous quarter to shareholders and GRUB stock was rewarded big time. GRUB vaulted as high as $141.06, scoring a new record before profit-taking finally took a bite out of the gains. The weekly chart in GRUB stock reveals just how spectacular GrubHub has performed since going public in March 2014.
Eat24's new Chicago-based owner is sending the restaurant delivery service to the graveyard later this year.
American online food delivery company GrubHub (GRUB) saw its stock soar by a staggering 23.5% on Wednesday, July 25, reaching an all-time closing high of $134.73. GrubHub’s second-quarter revenues climbed 51.0% YoY to reach $239.7 million. America’s largest online food delivery company saw its earnings more than double from $14.7 million in the second quarter of 2017 to $30.1 million in the second quarter.