Barclays analyst Ross Sandler maintains $DoorDash (DASH.US)$ with a hold rating, and adjusts the target price from $120 to $163.
According to TipRanks data, the analyst has a success rate of 62.5% and a total average return of 12.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $DoorDash (DASH.US)$'s main analysts recently are as follows:
DoorDash achieved GAAP profitability for the first time as a public company in Q3. With their 'best in class execution' within the delivery sector and both new and established customer groups performing beyond expectations, the outlook appears positive from multiple perspectives. Inclusion in the S&P 500 Index may become a topic of discussion around 2025.
Following a solid quarter characterized by revenue surpassing expectations, albeit with a less pronounced margin improvement, forecasts for gross order volume, revenue, and EBITDA in 2025 have been adjusted. The new projections are now set at $91.7 billion for gross order volume, $12.5 billion for revenue, and $2.45 billion for EBITDA, compared to the earlier estimates.
DoorDash displayed a robust Q3 EBITDA and projected a vigorous Q4, fueled by consistent advancement in the restaurant sector, alongside significant growth in new verticals and international markets, paired with enhancing unit economics.
Note:
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