Wedbush Maintains Neutral on DoorDash, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Scott Devitt maintains a Neutral rating on DoorDash (NASDAQ:DASH) and raises the price target from $92 to $115.
February 16, 2024 | 2:50 pm
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Wedbush analyst Scott Devitt maintains a Neutral rating on DoorDash but raises the price target from $92 to $115.
The increase in price target from $92 to $115 by Wedbush reflects a positive outlook on DoorDash's future performance, potentially leading to increased investor confidence and a short-term positive impact on the stock price. However, the Neutral rating suggests that the analyst sees the stock as fairly valued at its current level, which might temper the impact of the price target increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100