A Closer Look at 22 Analyst Recommendations For DoorDash
Portfolio Pulse from Benzinga Insights
Recent analysis of DoorDash (NASDAQ:DASH) by 22 analysts shows a variety of opinions, with a notable upward trend in the 12-month price target to $132.41, reflecting a 17.67% increase from the previous average of $112.53. Analysts have adjusted their ratings and price targets, indicating a generally positive outlook on the company's performance. DoorDash's financials reveal a strong revenue growth rate of 26.68% as of December 31, 2023, but challenges in profitability and asset utilization are noted.
March 15, 2024 | 1:00 pm
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POSITIVE IMPACT
DoorDash's stock may see short-term positive movement due to the upward revision of the 12-month price target by analysts and a strong revenue growth rate of 26.68% as of December 31, 2023. However, concerns about profitability and asset utilization could temper gains.
The upward revision in the 12-month price target by analysts indicates a positive sentiment towards DoorDash, which could lead to short-term stock price appreciation. The strong revenue growth rate further supports this outlook. However, the concerns regarding profitability and asset utilization highlighted by the analysts may temper the gains, as these factors could impact the company's long-term financial health.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100