After S&P Dow Jones Indices announced DoorDash (DASH) will join the S&P 500 in Consumer Discretionary, effective Monday, March 24, BofA notes that shares traded up 6% in after-hours following the announcement on Friday and called inclusion “a positive catalyst.” The firm maintains a Buy rating and $245 price target on DoorDash shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DASH:
- Doordash Dashes to the Coveted S&P 500, While Palantir Races to the S&P 100
- Citi says buy DoorDash after S&P 500 addition
- DoorDash’s S&P 500 Inclusion and Growth Prospects Drive Buy Rating with 34.8% Upside Potential
- DoorDash jumps 7% to $190.25 after inclusion in S&P 500
- DoorDash, TKO Group, Williams-Sonoma, Expand Energy to join S&P 500 on 3/24
Questions or Comments about the article? Write to editor@tipranks.com