DoorDash shares are trading higher after Piper Sandler maintained an Underweight rating on the stock and raised its price target from $47 to $51. Also, JP Morgan maintained a Neutral rating on the stock and raised its price target from $95 to $96.
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler maintained an Underweight rating on DoorDash and raised its price target from $47 to $51. JP Morgan also maintained a Neutral rating on the stock and raised its price target from $95 to $96.
November 03, 2023 | 5:14 pm
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POSITIVE IMPACT
DoorDash's stock price target has been raised by both Piper Sandler and JP Morgan, potentially indicating a positive outlook.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The raised price targets by Piper Sandler and JP Morgan suggest a positive outlook for DoorDash, which could lead to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100