Unveiling 27 Analyst Insights On DoorDash
Portfolio Pulse from Benzinga Insights
Over the past three months, 27 analysts have provided varied opinions on DoorDash (NASDAQ:DASH), with recent ratings showing a shift towards more bullish views. The average 12-month price target for DASH has been raised to $141.41, indicating an 18.96% increase from the previous target. Analysts from firms like Oppenheimer, Loop Capital, and Deutsche Bank have adjusted their price targets and ratings, reflecting optimism about DoorDash's market position and financial performance. Despite challenges in profitability and asset utilization, DoorDash's market capitalization and revenue growth outperform industry averages.
April 29, 2024 | 6:00 pm
News sentiment analysis
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POSITIVE IMPACT
DoorDash has seen a positive shift in analyst sentiment, with an increased average price target of $141.41, suggesting an optimistic outlook on its financial and market performance.
The consensus among analysts indicates a bullish outlook for DoorDash, with multiple firms raising their price targets and ratings. This positive sentiment is likely to influence investor perception and could lead to a short-term increase in DASH's stock price. The significant increase in the average price target, along with DoorDash's reported revenue growth and market capitalization, supports a positive short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100