Wajeeh Khan writes that DoorDash shares rose following FAA approval of its Part 135 air carrier certification. This allows the launch of DoorDash Air, an in-house drone delivery service intended to reduce logistical costs and improve profit margins by automating mid-distance deliveries.
- One of eight operators authorized for commercial U.S. drone flight.
- Employs internally built hardware from DoorDash Labs instead of third-party licensing.
- Wall Street maintains a "Strong Buy" consensus with an average target near $245.
- One of eight operators authorized for commercial U.S. drone flight.
- Employs internally built hardware from DoorDash Labs instead of third-party licensing.
- Wall Street maintains a "Strong Buy" consensus with an average target near $245.
