On Oct 31, major Wall Street analysts update their ratings for $DoorDash (DASH.US)$, with price targets ranging from $160 to $190.
Morgan Stanley analyst Brian Nowak maintains with a buy rating, and adjusts the target price from $150 to $160.
BofA Securities analyst Mike McGovern maintains with a buy rating, and sets the target price at $172.
BMO Capital analyst Brian Pitz maintains with a buy rating, and adjusts the target price from $140 to $180.
Loop Capital analyst Rob Sanderson maintains with a buy rating, and maintains the target price at $170.
Needham analyst Bernie McTernan maintains with a buy rating, and adjusts the target price from $145 to $180.
Furthermore, according to the comprehensive report, the opinions of $DoorDash (DASH.US)$'s main analysts recently are as follows:
Following a solid quarter that surpassed revenue expectations but offered less margin growth, analysts maintain a positive outlook on DoorDash. Projections for 2025 now anticipate higher gross order value, revenue, and EBITDA than previously forecasted.
DoorDash has demonstrated robust Q3 EBITDA and anticipates a vigorous Q4, propelled by consistent expansion in the restaurant sector, ongoing substantial growth in new verticals and international markets, coupled with enhanced unit economics.
DoorDash's Q3 results were impressive, showcasing robust gross order value guidance and EBITDA that was marginally below buy-side forecasts. Notably, the company's sustained order growth is being fueled by rising order frequency, unprecedented customer loyalty which is further enhanced by new partnerships, an upswing in gross profit suggesting reduced profit impact from emerging verticals, and an uptick in advertising revenue.
DoorDash reported Q3 gross order values that surpassed expectations, accompanied by EBITDA improvements. These enhancements were a result of gross margin leverage paired with reduced legal fees. Additionally, DoorDash achieved a record high in order frequency, which can be attributed to the enhanced variety of product offerings.
Expectations were high leading into the quarterly earnings report, yet DoorDash delivered with strong growth, increased margins, and its initial positive net income on a GAAP basis.
Here are the latest investment ratings and price targets for $DoorDash (DASH.US)$ from 14 analysts:
Note:
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