DoorDash Shares Jump on Order Forecast That Tops Estimates

DoorDash Inc. shares rallied after the delivery company gave a forecast for order value in the current period that topped analyst estimates, signaling healthy consumer demand for its services in the US and international markets.

Gross order value will be $32.4 billion to $33.4 billion in the quarter ending in June, DoorDash said Wednesday in a statement. Analysts, on average, projected about $32.3 billion, according to data compiled by Bloomberg.