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.
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:
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