Truist Securities Maintains Buy on DoorDash, Lowers Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Youssef Squali maintains a Buy rating on DoorDash (DASH) but lowers the price target from $155 to $145.

May 02, 2024 | 1:16 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on DoorDash but lowers the price target from $155 to $145.
The adjustment in price target by Truist Securities reflects a nuanced view on DoorDash's valuation, suggesting a slightly reduced but still positive outlook. While the reduction in price target could imply a tempered expectation for the stock's short-term growth potential, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and long-term prospects. This mixed signal could lead to a neutral short-term impact on the stock as investors weigh the lowered price target against the sustained buy recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100