DoorDash (DASH) jumped by nearly 14% in after-hours trading. Shares peaked at $285.50 and recently fell to a 52-week low of $155.40. It posted a $0.48 EPS on revenue of $3.96 billion (+36.6% Y/Y). In Q1, the firm forecasts the marketplace GOV of $31.0 billion to $31.8 billion.
Besides DoorDash, investors may consider Compass Group (CMPGY), Yum! Brands (YUM), Restaurant Brands (QSR), and Chipotle Mexican Grill (CMG).
Etsy (ETSY) might open up by over 15% this morning. The company said that it would acquire C2C fashion marketplace company Depop. It will pay around $1.2 billion in cash. This strengthens Etsy’s positioning in the resale space.
Etsy shares will get a lift from eBay (EBAY). Shares rose by around 6% after reporting Q4 results. Revenue grew by 14.2% Y/Y to $2.97 billion. Non-GAAP EPS topped $1.41.
Figma (FIG) should open up by around 15%. In Q4, non-GAAP EPS was $0.08 on revenue of $303.8 million. Figma is forecasting Q1 revenue growth of 38% Y/Y. For the year, revenue will be up to $1.374 billion for a 30% Y/Y increase.
Investors who avoided Figma stock after its initial public offering might consider the company again. The sell-off appears to have ended.
Related Stories
