DoorDash Offers 10% Fuel Cashback, Subsidies as Shares Hover Near 52-Week Low
DoorDash launched a driver relief program offering 10% fuel cashback and weekly mileage-based subsidies through April 26 to mitigate a 30% spike in gas prices. Shares are trading near $159, close to a 52-week low of $153, while analysts remain bullish on the stock’s outlook.
1. Driver Relief Program Details
Following a more than 30% surge in gas prices since late February, DoorDash introduced an emergency relief program for delivery drivers running through April 26. The initiative provides 10% cashback on qualifying fuel purchases and weekly subsidies based on miles driven to help offset rising operating expenses.
2. Share Price at 52-Week Low and Analyst Outlook
DoorDash shares are trading around $159, just above a 52-week low of $153 and far below last year’s peak of $285.50. Despite the stock’s near-low valuation, most analysts retain bullish ratings, highlighting the company’s long-term growth trajectory in the delivery market.