DoorDash shares are trading higher after BMO Capital initiated coverage on the stock with an Outperform rating and $120 price target.
Portfolio Pulse from Benzinga Newsdesk
DoorDash shares have risen following an Outperform rating and $120 price target initiation by BMO Capital.
January 09, 2024 | 6:21 pm
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DoorDash's stock price has increased after BMO Capital initiated coverage with an Outperform rating and a $120 price target.
Analyst ratings, especially from reputable firms like BMO Capital, can significantly influence investor sentiment and stock prices. The Outperform rating and the $120 price target suggest a positive outlook for DoorDash, which can lead to increased buying activity and a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100