Wells Fargo analyst Ken Gawrelski lowered the firm’s price target on DoorDash (DASH) to $198 from $201 and keeps an Equal Weight rating on the shares following quarterly results. The firm says debate picks up “on a consensus favorite long in the Internet sector.” Wells sees the start of a reinvestment cycle, with the magnitude still to be determined. This uncertainty is likely to weigh on the premium multiple, in the firm’s view.
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Read More on DASH:
- DoorDash price target lowered to $230 from $235 at BofA
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- DoorDash’s Strategic Acquisitions and Strong Performance Justify Buy Rating with Increased Price Target
- DoorDash Reports Record Q1 2025 Results and Strategic Acquisitions
- DoorDash removed from ‘Tactical Outperform’ list at Evercore ISI
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