Morgan Stanley Upgrades DoorDash to Overweight, Raises Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak upgraded DoorDash (NASDAQ:DASH) from Equal-Weight to Overweight and increased the price target from $135 to $145.
February 22, 2024 | 4:53 pm
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POSITIVE IMPACT
DoorDash's stock rating was upgraded by Morgan Stanley from Equal-Weight to Overweight, and its price target was raised from $135 to $145.
Upgrades by major financial institutions like Morgan Stanley typically lead to positive short-term price movements for stocks. The increase in the price target further signals confidence in the company's future performance, likely influencing investor sentiment positively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100