SIG analyst Shyam Patil maintains $DoorDash (DASH.US)$ with a buy rating, and adjusts the target price from $140 to $180.
According to TipRanks data, the analyst has a success rate of 56.6% and a total average return of 10.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $DoorDash (DASH.US)$'s main analysts recently are as follows:
DoorDash achieved GAAP profitability for the first time as a public company in Q3, and with its outstanding execution among delivery peers, as well as the performance of both new and mature cohorts exceeding expectations, the outlook appears positive from multiple angles. Inclusion in the S&P 500 Index could become a topic of discussion at some point in 2025.
DoorDash's recent quarterly performance was notable for its revenue surpassing expectations, although there was less expansion in margins than anticipated. By 2025, revenue and EBITDA projections have been marginally increased, reflecting a more optimistic outlook compared to previous forecasts.
DoorDash has reported a robust third-quarter EBITDA and forecasts a vigorous fourth quarter, propelled by consistent growth in the restaurant sector, ongoing expansion in new verticals and international markets, as well as enhanced unit economics.
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.
