Truist Securities Maintains Buy Rating for DoorDash: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Buy rating for DoorDash (NASDAQ:DASH) and increased its price target from $125.00 to $130.00. DoorDash shares are currently trading up 4.04% at $91.34 per share. A move to $130.00 would represent a 42.33% increase from the current share price. In 2022, DoorDash generated $53.4 billion in gross order volume (up 27% YoY) and $6.6 billion in revenue (up 35% YoY).
November 03, 2023 | 5:00 pm
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Truist Securities has maintained its Buy rating for DoorDash and raised its price target to $130.00. This represents a potential 42.33% increase from the current share price of $91.34.
The maintained Buy rating and increased price target by Truist Securities indicates a positive outlook for DoorDash. This could potentially lead to an increase in the stock price in the short term, especially if other investors follow the advice of the analyst. The company's strong performance in 2022, with significant increases in gross order volume and revenue, also supports this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100