Navigating 24 Analyst Ratings For DoorDash
Portfolio Pulse from Benzinga Insights
DoorDash (NASDAQ:DASH) has been analyzed by 24 analysts over the past three months, showing a range of ratings from bullish to bearish. The average 12-month price target has increased by 7.59% to $141.54. Analysts have adjusted their ratings and price targets, reflecting a generally positive outlook. Despite strong revenue growth, DoorDash faces challenges with profitability and returns.
September 23, 2024 | 4:00 pm
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POSITIVE IMPACT
DoorDash has received a range of analyst ratings, with a positive trend in price targets, now averaging $141.54. Analysts have generally raised their ratings, indicating a positive outlook. However, DoorDash faces challenges with profitability and returns despite strong revenue growth.
The article highlights a positive shift in analyst ratings and an increase in the average price target for DoorDash, suggesting a bullish sentiment. However, the company's profitability metrics are below industry averages, which could temper the positive outlook. The strong revenue growth supports the positive sentiment, but the challenges in profitability and returns are significant considerations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100