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 Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DASH:
- DoorDash price target raised to $200 from $155 at Evercore ISI
- DoorDash price target lowered to $173 from $183 at Mizuho
- DoorDash price target raised to $175 from $165 at RBC Capital
- DoorDash price target raised to $180 from $140 at BMO Capital
- DoorDash price target raised to $165 from $124 at Roth MKM