DoorDash Announces Move to Nasdaq
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September 18, 2023 6:36 AM EDT
Shares of DoorDash (NYSE: DASH) rose 2.8% in pre-open trading Monday after analysts at Mizuho Securities upgraded the stock after a deep dive suggested a higher 2023 exit rate.
Analyst James Lee upgraded the stock to Buy from Neutral and set a new price target of $105 (from $90), suggesting nearly 30% upside from Friday's closing price.
"We ran a deep dive across all key metrics and, post analysis, we feel confident that Gross-Order-Value (GOV) growth rate should outperform guidance and Street expectations in 2H23," Lee commented. "We... More
September 15, 2023 9:00 AM EDT
MoffettNathanson downgraded DoorDash (NYSE: DASH) to Market Perform, with a new price target of $93, down from $110 in a note Friday.
Analyst Michael Morton told investors that they are downgrading the stock based on student loan risks.
"What happens when 43 million Americans see an average of $225/month come out of... More
