DoorDash (DASH) Experiments With Standalone AI-powered App for Users to Locate New Restaurants, Reports Bloomberg

DoorDash, Inc. (NASDAQ:DASH) is one of the Best Stocks to Invest in for the Next 3 Years. On December 16, Bloomberg reported that the company is experimenting with a standalone AI-powered app for users to locate new restaurants. Therefore, this will expand its reach beyond the food-delivery service. The new app, Zesty, happens to be in public testing in San Francisco and New York.

DoorDash (DASH) Experiments With Standalone AI-powered App for Users to Locate New Restaurants, Reports Bloomberg

Bloomberg also noted that DoorDash, Inc. (NASDAQ:DASH) continues to expand offerings over and above the takeout-ordering service. Over the previous year, the company expanded the dine-in reservations feature in the DoorDash app post the acquisition of SevenRooms Inc. DoorDash, Inc. (NASDAQ:DASH) plans to spend more dollars in 2026 for new initiatives and internal productivity tools, added Bloomberg.

In a different update, on December 11, Argus analyst Taylor Conrad reduced the price target on the company’s stock to $260 from $275, while keeping a “Buy” rating. Notably, the firm is optimistic about DoorDash, Inc. (NASDAQ:DASH)’s robust balance sheet and expanded focus towards grocery delivery, which is projected to grow at more than twice the rate of meal delivery.

The analyst also noted that the firm is optimistic about the company’s efforts to lower unit costs. The strategy is expected to help DoorDash, Inc. (NASDAQ:DASH) become more profitable, added Argus.

DoorDash, Inc. (NASDAQ:DASH) operates a commerce platform, connecting merchants, consumers, and independent contractors.

While we acknowledge the potential of DASH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DASH and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.