Smart Money Is Betting Big In DASH Options
Portfolio Pulse from Benzinga Insights
Financial giants are showing a bullish stance on DoorDash (NASDAQ:DASH) through options trading, with 65% of trades being bullish. The trading activity suggests a target price range of $100 to $165 for DASH in the next three months. DoorDash's current stock price is up 6.59% at $122.25, with analysts giving mixed ratings but an average target price of $134.8. The company has seen significant growth, with a 25% increase in gross order volume and a 31% increase in revenue year over year.
February 22, 2024 | 6:16 pm
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DoorDash shows bullish options trading activity with a target price range of $100 to $165. Current stock price is $122.25, with an average analyst target price of $134.8. The company has experienced significant growth, indicating a positive outlook.
The bullish options trading activity, combined with the company's strong growth in gross order volume and revenue, suggests a positive short-term impact on DASH's stock price. Analysts' mixed ratings with an overall positive average target price further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100