On Nov 01, major Wall Street analysts update their ratings for $DoorDash (DASH.US)$, with price targets ranging from $160 to $200.
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.
Barclays analyst Ross Sandler maintains with a hold rating, and adjusts the target price from $120 to $163.
Evercore analyst Mark Mahaney maintains with a buy rating, and adjusts the target price from $155 to $200.
BMO Capital analyst Brian Pitz maintains with a buy rating, and adjusts the target price from $140 to $180.
Furthermore, according to the comprehensive report, the opinions of $DoorDash (DASH.US)$'s main analysts recently are as follows:
DoorDash has achieved its first instance of GAAP profitability since its public offering in the third quarter. With what can be described as 'best in class execution' among delivery companies and performance that exceeds expectations across both new and established user groups, the outlook appears positive from multiple perspectives. The possibility of inclusion in the S&P 500 Index may become a topic of discussion around 2025.
DoorDash's recent quarterly performance exhibited a strong top-line surpassing expectations, though with a marginal increase in margin. The analyst's projections for the company's gross order volume, revenue, and EBITDA in 2025 have been revised upwards, reflecting a slight improvement compared to previous estimates.
DoorDash reported solid third-quarter EBITDA and expects a robust fourth quarter. This is attributed to stable growth in its restaurant business, vigorous expansion in new sectors and international markets, along with advancements in unit economics.
DoorDash's Q3 earnings surpassed expectations, and the company's performance is highlighted by its consistent ability to drive 20% bookings growth, which is projected to continue into FY24. The increase in user frequency, spurred by ongoing product enhancements, remains a key factor in the company's value proposition. Additionally, DoorDash is capitalizing on the rising consumer trend of allocating more spending toward the convenience economy.
Following the 'Beat & Raise Q3 EPS results,' there has been an adjustment in expectations with GMV estimates for FY25 increasing approximately 3% and revenue projections also rising by about 4%, according to an analyst.
Here are the latest investment ratings and price targets for $DoorDash (DASH.US)$ from 18 analysts:
Note:
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