Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
SAN FRANCISCO/CHICAGO - McDonald’s USA (NYSE:MCD) and DoorDash (NASDAQ:DASH) have launched a new online ordering system that allows customers to order McDonald’s delivery directly through the restaurant chain’s website without requiring app downloads, logins or account creation. According to InvestingPro data, DoorDash has demonstrated remarkable growth with revenue increasing nearly 24% over the last twelve months, while maintaining a strong financial health rating.
The new service, announced Wednesday, enables customers to place McDelivery orders via mobile web or desktop, with orders fulfilled by DoorDash’s delivery network. The system is accessible through McDonalds.com and offers streamlined checkout with flexible payment options.
"With millions of customers visiting McDonalds.com each month, this channel extends our reach, offering a seamless and convenient way to have their McDonald’s favorites delivered," said Tim Snyder, Head of Delivery at McDonald’s USA, in a press release statement.
The partnership represents an expansion of the existing relationship between the two companies, with DoorDash and its affiliated brand Wolt now supporting McDonald’s delivery operations in 29 countries including Canada, Germany, Australia, Finland and Japan. DoorDash’s strong market position is reflected in its impressive 106% stock return over the past year, though current valuations suggest the stock may be trading at a premium. For deeper insights into DoorDash’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
Shanna Prevé, VP of Enterprise Sales & Business Development at DoorDash, described the partnership as "powered by innovation - driving sales, simplifying operations, and elevating the customer experience."
The integration allows McDonald’s to leverage DoorDash’s fulfillment network while maintaining customer relationships through its own digital channels. The companies indicated the move is part of their shared commitment to expanding delivery options and improving accessibility for customers.
McDonald’s operates approximately 13,500 restaurants across the United States, with 95% owned and operated by independent business owners. DoorDash approaches this massive market opportunity from a position of financial strength, maintaining a healthy current ratio of 2.07 and analysts projecting continued sales growth for the current year.
In other recent news, DoorDash reported a stronger-than-expected gross order value (GOV) of $24 billion, marking a 23% year-over-year increase and exceeding estimates by 3%. This performance led several analyst firms to raise their price targets for the company. Susquehanna increased its target to $300, maintaining a Positive rating, while Benchmark raised its target to $315, citing steady growth and an uptick in average order value. Bernstein SocGen Group also raised its target to $310, highlighting a strong quarterly earnings report that surpassed market expectations. KeyBanc set a new price target of $325, noting improvements in consumer experience and a reduction in delivery times. Additionally, DoorDash is expanding its partnership with RELEX Solutions to optimize inventory management across its DashMart network. This expansion will deploy AI-driven tools to enhance supply chain capabilities. These developments reflect DoorDash’s efforts to support growth in its on-demand delivery services.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.