DoorDash revenue beats as food delivery demand booms
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DoorDash (DASH) Falls on a Bigger Loss and Orders Slowdown Warning, Analysts Remain Bullish
August 13, 2021 8:38 AM EDTShares of DoorDash (NYSE: DASH) are down 4.5% in the early Friday trading session after the company delivered a profit miss and warned of a slowdown in orders.
DoorDash reported a Q2 EPS loss of $0.30, which is $0.09 worse than the analyst estimate of a loss of $0.21. Sales for the quarter came in at $1.24 billion versus the consensus estimate of $1.08 billion.
Stay-at-home orders, dining restrictions, and stimulus associated with the COVID-19 pandemic accelerated demand for convenience in the categories we participate in. We outperformed our peers in the period when pandemic-related restrictions were... More
DoorDash Inc. (DASH) PT Raised to $230 at Needham & Company
August 13, 2021 6:12 AM EDTNeedham & Company analyst Bernie McTernan raised the price target on DoorDash Inc. (NYSE: DASH) to $230.00 (from $195.00) while maintaining a Buy rating.
The analyst commented, "We reiterate our Buy rating on DASH and increase our price target to $230, Volume growth was the highlight of... More
