Oppenheimer raised the firm’s price target on DoorDash (DASH) to $150 from $140 and keeps an Outperform rating on the shares. The firm believes DoorDash is positioned to continue benefiting from Uber‘s (UBER) increased focus on profitability vs. UCAN market share. However, DoorDash could see a ceiling on growth without a larger grocery business, Oppenheimer says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DASH:
- DoorDash, Walgreens Boots Alliance announce collaboration to offer SNAP/EBT
- DoorDash price target raised to $151 from $140 at Jefferies
- DoorDash Welcomes Jeffrey Blackburn to Board of Directors
- Netflix upgraded and downgraded: Wall Street’s top analyst calls
- Loop Capital starts DoorDash at Buy, sees premium justified by higher growth
Questions or Comments about the article? Write to editor@tipranks.com