Evercore analyst Mark Mahaney maintains $DoorDash (DASH.US)$ with a buy rating, and adjusts the target price from $155 to $200.
According to TipRanks data, the analyst has a success rate of 63.3% and a total average return of 29.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $DoorDash (DASH.US)$'s main analysts recently are as follows:
An analyst noted a strong quarter for DoorDash with revenue exceeding expectations, though there was less expansion in margins. The firm's projections for the company's gross order value, revenue, and EBITDA in 2025 have been slightly increased compared to previous estimates.
DoorDash demonstrated robust third-quarter EBITDA results and anticipates an impressive fourth quarter, propelled by consistent expansion in the restaurant sector, significant strides in new categories, and international markets, coupled with enhanced unit economics.
DoorDash exhibited a commendable quarter, with guidance for Gross Order Value (GOV) and EBITDA surpassing consensus expectations, attributed to robust consumer demand. The company's impressive GOV performance is seen as a favorable precursor to market share gains and enhanced operating efficiency. Analysts believe DoorDash continues to hold a strong position for the long haul, with additional growth opportunities as it expands its grocery delivery and advertising services.
Note:
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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.
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