Expert Ratings For DoorDash
Portfolio Pulse from Benzinga Insights
DoorDash (NASDAQ:DASH) received mixed analyst ratings in the latest quarter with 9 analysts offering their perspectives. The average 12-month price target for DASH is $104.11, a 15.31% increase from the previous target of $90.29. Analysts from firms like Jefferies, Deutsche Bank, and Needham have given bullish ratings with price targets ranging from $105.00 to $130.00. Others like Piper Sandler and Barclays have given more conservative ratings. DoorDash's financials show a strong market presence with a market cap above industry benchmarks, a positive revenue trend with 27.22% growth, but below-average net margin, ROE, and ROA. The company's debt-to-equity ratio is low at 0.08.
January 08, 2024 | 1:00 pm
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POSITIVE IMPACT
DoorDash received a mix of analyst ratings with a higher average price target of $104.11, indicating a positive outlook from some analysts. Financials show strong revenue growth but below-average profitability metrics.
The increase in the average price target suggests a positive sentiment among analysts, which could lead to a short-term positive impact on the stock price. However, the concerns about profitability and efficiency may temper gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100