DoorDash shares are trading higher after analysts at Jefferies upgraded their rating of the stock to Buy and announced a $130 price target.
Portfolio Pulse from Luke J Jacobi
DoorDash shares have risen following an upgrade from analysts at Jefferies, who changed their rating to Buy and set a price target of $130 for the stock.
January 08, 2024 | 1:17 pm
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POSITIVE IMPACT
DoorDash's stock price is likely to experience a positive short-term impact due to the upgrade to Buy by Jefferies and the new price target of $130.
Analyst upgrades typically lead to positive market sentiment in the short term as they suggest a favorable outlook for the company's performance. The new price target of $130 by Jefferies indicates a significant upside potential from the current trading price, which can attract investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100