Key Takeaways From DoorDash Analyst Ratings
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for DoorDash (NASDAQ:DASH) show a predominantly bullish outlook, with an average 12-month price target of $123.14, indicating a 22.32% increase from the previous target. The ratings reflect updates from analysts at firms like Needham, Roth MKM, Mizuho, BMO Capital, Jefferies, and Deutsche Bank, with actions ranging from maintaining to raising price targets. DoorDash's financial overview reveals a solid revenue growth rate of 27.22% as of September 30, 2023, but challenges in profitability and asset utilization are noted.
February 06, 2024 | 1:00 pm
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Analyst ratings for DoorDash are largely positive, with a significant upward revision in the 12-month price target to $123.14, reflecting a 22.32% increase. Financials show strong revenue growth but highlight profitability and asset utilization challenges.
The positive analyst ratings and upward revision in price targets suggest strong investor confidence and potential for stock price appreciation. However, the noted challenges in profitability and asset utilization may temper gains, making the overall outlook cautiously optimistic.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100