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RBC Capital:下调DoorDash(DASH.US)评级至“与行业持平” 目标价降至60美元

RBC Capital: downgrade DoorDash (DASH.US) to "in line with industry" target price to $60

Zhitong Finance ·  Dec 2, 2022 19:00

Zhitong Financial APP learned thatRBC Capital analyst Brad Erickson downgraded the stock rating of US takeout platform DoorDash (DASH.US) to "in line with the industry" from "outperform" to "in line with the industry", with a target price of $60 from $70.Analysts said he was "nervous about potential adverse risks / rewards" given that the company might be "extremely sensitive" to a slowdown in order growth after 2023. Analysts pointed to a significant slowdown in DoorDash core order growth, limited downward support for earnings before interest, tax, depreciation and amortisation (EBITDA), and fierce competition from EBITDA in Manhattan, leading to his downgrade of the stock.

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