Oppenheimer analyst Jason Helfstein lowered the firm’s price target on DoorDash to $125 from $150 and keeps an Outperform rating on the shares. The firm notes shares were down 15% in after-hours trading as investors factor in slowing GOV growth and less margin upside, likely pushing bull case EBITDA targets from 2025 to 2026. While 21% GOV growth was above Street, Q2 guided to +17%, and Street margin estimates seem headed down, as Q1 margins in line and Q2 below Street, Oppenheimer adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DASH:
- DASH Earnings: DoorDash Plummets After Loss Widens in Q1; Bleak Forecast Looming
- DoorDash Enhances Investor Relations with Transparent Updates
- DoorDash price target raised to $150 from $140 at Oppenheimer
- Instacart price target raised to $48 from $36 at Oppenheimer
- DoorDash, Walgreens Boots Alliance announce collaboration to offer SNAP/EBT
