Jefferies Upgrades DoorDash to Buy, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst John Colantuoni has upgraded DoorDash (NASDAQ:DASH) from Hold to Buy and increased the price target from $90 to $130, indicating a positive outlook on the company's stock.
January 08, 2024 | 11:42 am
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DoorDash has been upgraded by Jefferies from Hold to Buy, with a significant increase in price target from $90 to $130, suggesting a bullish stance on the stock's future performance.
The upgrade from Hold to Buy by a reputable analyst at Jefferies, along with a substantial increase in the price target, is a strong positive signal to the market. This could lead to increased investor confidence and a potential short-term rise in DoorDash's stock price as the market reacts to the new information.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100