DoorDash Continues To Execute With 'No Sign Of A Consumer Slowdown': 4 Analysts Bullish After Q2 Print
Portfolio Pulse from Priya Nigam
DoorDash Inc (NYSE:DASH) shares rose after the company reported strong Q2 results, with analysts from Needham, Oppenheimer, Truist Securities, and RBA Capital Partners maintaining bullish ratings. The analysts highlighted DoorDash's high operating level, record frequency levels, margin expansion, and strong order growth as key factors. Price targets were raised by all four analysts.
August 04, 2023 | 1:37 pm
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DoorDash reported strong Q2 results, leading to bullish ratings from several analysts and a rise in share price.
DoorDash's strong Q2 results, including high operating level, record frequency levels, margin expansion, and strong order growth, have led to bullish ratings from several analysts. This positive sentiment is likely to have a positive impact on the company's share price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100