DoorDash price target raised to $180 from $145 at Needham
The Fly

DoorDash price target raised to $180 from $145 at Needham

Needham raised the firm’s price target on DoorDash (DASH) to $180 from $145 and keeps a Buy rating on the shares after its Q3 earnings beat. The company continues to show strong execution with FY24 shaping up to be a third consecutive year of driving 20% bookings growth, the analyst tells investors in a research note. Frequency gains from incremental product improvements continues to be a significant value driver for the company, along with benefits from consumer wallet share going towards the convenience economy, the firm added.

Don't Miss out on Research Tools:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App