Truist raised the firm’s price target on DoorDash (DASH) to $217 from $180 and keeps a Buy rating on the shares as part of a broader research note previewing Internet services for 2025. The firm is citing Truist Card Data showing that GOV – gross order value – is tracking ahead of its expectations year-to-date, with December showing a slight acceleration from November. The international GOV is also estimated to be up mid-to-high single digits, Truist added.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DASH:
- Goldman calls Uber a top Internet pick heading into 2025
- DoorDash to now require over 150,000 Dashers to re-verify identity each week
- DoorDash price target raised to $215 from $175 at RBC Capital
- DoorDash price target raised to $200 from $175 at BTIG
- DoorDash price target raised to $211 from $155 at Citi