Why DoorDash Inc Stock Is Delivering Gains
Portfolio Pulse from Erica Kollmann
DoorDash, Inc. (NASDAQ:DASH) reported a YoY increase in Q3 earnings per share and better-than-expected quarterly sales results. The company reported losses of 19 cents per share, beating estimates of losses of 40 cents and up from losses of 77 cents per share YoY. DoorDash also reported Q3 revenue of $2.164 billion, beating the consensus estimate of $2.092 billion. Wedbush analyst Scott Devitt maintained DoorDash with a Neutral and raised the price target from $85 to $92.
November 02, 2023 | 2:28 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
DoorDash reported better-than-expected Q3 earnings and sales results, leading to a rise in its stock price. The company's losses and revenue beat estimates, and Wedbush analyst Scott Devitt maintained a Neutral rating while raising the price target from $85 to $92.
DoorDash's better-than-expected Q3 earnings and sales results have led to a positive impact on its stock price. The company's losses were less than estimated and its revenue beat the consensus estimate. Additionally, Wedbush analyst Scott Devitt's decision to maintain a Neutral rating and raise the price target for the stock indicates a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100