BTIG analyst Jake Fuller maintains $DoorDash (DASH.US)$ with a buy rating, and adjusts the target price from $175 to $200.
According to TipRanks data, the analyst has a success rate of 51.2% and a total average return of 5.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $DoorDash (DASH.US)$'s main analysts recently are as follows:
The company's approach to balancing growth with profitability, particularly in terms of EBITDA, is anticipated to stay within the projected guidance. This strategy strengthens confidence in the company's ongoing growth trend and its valuation multiples. Additionally, the firm's focus on sales hiring is expected to enhance new supply, potentially leading to predictable increases in demand.
The firm's analysis indicates stable gross order volume growth for this quarter, suggesting that the company might achieve the higher end of its guidance. It is also noted that the growth-adjusted valuation of the company's shares appears reasonable when compared to other large-cap consumer-facing internet companies.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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