KeyBanc initiated coverage of delivery firms DoorDash (NASDAQ:DASH) and Maplebear (NASDAQ:CART) with a Sector Weight rating as the mixed consumer background and consensus estimates suggest limited upside for either stock from their current fair value estimates. Restaurant delivery is still growing, KeyBanc says, but grocery delivery competition is intensifying atContinue Reading
“While most of the announcements are evolutionary/movement to close adjacencies, we think the larger theme is Datadog continuing its momentum in consolidating spending for organizations with key features for observing, securing and acting upon the unique data/telemetry that Datadog can piece together in a streamlined manner,” said Raymond James analystsContinue Reading
Tibrina Hobson/Getty Images Entertainment DoorDash (NASDAQ:DASH) was reportedly in talks to acquire UK-based Deliveroo, but talks ended after the two parties could not agree on a price, according to sources cited by Reuters. Started in 2013 in London, Deliveroo is now in 10 markets worldwide with 160K restaurant and groceryContinue Reading
