share_log

Morgan Stanley Maintains DoorDash(DASH.US) With Buy Rating, Raises Target Price to $160

Futu News ·  21:31  · Ratings

Morgan Stanley analyst Brian Nowak maintains $DoorDash (DASH.US)$ with a buy rating, and adjusts the target price from $150 to $160.

According to TipRanks data, the analyst has a success rate of 61.5% and a total average return of 6.0% over the past year.

AnalystRecentRatingAutoNews_79813377480734_20241031_692cd1ff35cd377a6b69b409c9037dd863fdfe8e_1730381413761051_nn_en

Furthermore, according to the comprehensive report, the opinions of $DoorDash (DASH.US)$'s main analysts recently are as follows:

  • Following a solid quarter characterized by a revenue surpassing expectations, albeit with a smaller than anticipated increase in margins, projections for the year 2025 have been adjusted. Revenue, GOV, and EBITDA estimates have been modestly increased from previous forecasts.

  • DoorDash reported robust Q3 EBITDA and provided guidance for a strong Q4, fueled by consistent expansion in the restaurant sector, along with sustained robust growth in new industries and international markets, coupled with enhanced unit economics.

  • DoorDash's recent quarter results surpassed expectations, showing resilience in consumer demand and providing guidance above the consensus for GOV and EBITDA. The company's robust execution in GOV is seen as a favorable sign of market share gain and enhanced operating leverage. Long-term positioning for DoorDash remains promising, with potential growth opportunities as it expands its grocery delivery and advertising services.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment