Mizuho Securities analyst James Lee maintains $DoorDash (DASH.US)$ with a buy rating, and adjusts the target price from $185 to $173.
According to TipRanks data, the analyst has a success rate of 60.0% and a total average return of 12.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $DoorDash (DASH.US)$'s main analysts recently are as follows:
E-commerce trends exhibited a mixed performance in the initial half of October, with Delivery services demonstrating superior results. Utilizing BSM and SensorTower application data, it's anticipated that the delivery sector experienced a robust third quarter, prompting adjustments in expectations for select gig economy stocks as well as eBay.
Industry data indicates that the demand for gig economy services is holding strong amid slowing inflation and ongoing positive unit economics. Analysts anticipate that the leading companies in ride-sharing and food delivery will expand their market share and enhance their operating efficiency. Meanwhile, the perspective for online travel agencies remains uncertain, as shifts in consumer spending and more spontaneous travel bookings are obscuring revenue projections. It is expected that DoorDash will grow its business volume through intensified marketing efforts, leading to increased operating leverage later in the year.
Preference is indicated for U.S. Internet companies that either cater to high-income consumers or are associated with end-markets on the cusp of a turning point. Companies like DoorDash and Uber are favored for targeting affluent demographics, while firms such as ACV Auctions, CarGurus, and Zillow are noted for their proximity to market inflections. Among these, Zillow is highlighted as the top overall selection, with Uber as the preferred large cap choice.
Note:
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