These Analysts Boost Their Forecasts On DoorDash After Strong Q2 Sales
Portfolio Pulse from Lisa Levin
DoorDash Inc (NYSE:DASH) reported better-than-expected Q2 sales of $2.13 billion, beating estimates of $2.05 billion. The company expects Q3 marketplace GOV to be between $15.8 billion and $16.2 billion. Following the earnings announcement, Needham, Barclays, and Oppenheimer analysts raised their price targets on DoorDash.
August 04, 2023 | 1:09 pm
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DoorDash reported strong Q2 sales and positive future expectations, leading to raised price targets by Needham, Barclays, and Oppenheimer.
DoorDash's better-than-expected Q2 sales and positive future expectations have led to increased confidence in the company's performance, resulting in raised price targets by analysts. This is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100