JMP Securities Maintains Market Outperform on DoorDash, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Andrew Boone maintains a Market Outperform rating on DoorDash (NASDAQ:DASH) but lowers the price target from $160 to $140.

May 02, 2024 | 4:23 pm
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JMP Securities maintains a Market Outperform rating on DoorDash but lowers the price target from $160 to $140.
While the maintenance of a Market Outperform rating indicates continued confidence in DoorDash's business model and growth prospects, the reduction in the price target could reflect adjustments in market conditions or expectations for the company's future performance. This mixed signal might lead to short-term uncertainty among investors, balancing out potential positive and negative impacts on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100