RBC Capital Upgrades DoorDash to Outperform, Raises Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson upgraded DoorDash (DASH) from Sector Perform to Outperform and increased the price target from $130 to $175. This upgrade reflects a positive outlook on DoorDash's future performance in the market.
March 04, 2024 | 10:56 am
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POSITIVE IMPACT
DoorDash was upgraded by RBC Capital from Sector Perform to Outperform, with the price target raised from $130 to $175, indicating a bullish outlook on the company's stock.
The upgrade by RBC Capital from Sector Perform to Outperform, along with a significant increase in the price target, suggests a strong confidence in DoorDash's future market performance. This is likely to positively influence investor sentiment and potentially lead to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100