These Analysts Increase Their Forecasts On DoorDash After Upbeat Earnings
Portfolio Pulse from Lisa Levin
DoorDash, Inc. (NASDAQ:DASH) reported better-than-expected Q3 earnings, with losses of 19 cents per share, beating estimates of 40 cents losses. The company also reported Q3 revenue of $2.164 billion, beating the consensus estimate of $2.092 billion. Following the earnings announcement, Wedbush and Barclays analysts raised their price targets on DoorDash.
November 02, 2023 | 5:32 pm
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DoorDash reported better-than-expected Q3 earnings and revenue, leading to a 16.8% increase in its share price. Analysts from Wedbush and Barclays raised their price targets on the company.
DoorDash's better-than-expected Q3 earnings and revenue beat led to a significant increase in its share price. This positive financial performance and the subsequent increase in price targets by analysts from Wedbush and Barclays indicate a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100