Truist lowered the firm’s price target on DoorDash (DASH) to $230 from $235 and keeps a Buy rating on the shares. The company reported in-line Q1 results and Q2 guide, driven by momentum across all segments and underpinned by healthy trends across the marketplace despite an uncertain macro, the analyst tells investors in a research note. DoorDash continues to grow scale across its 5 verticals, reflecting strong execution in driving retention, frequency, gross margins and a meticulous attention to unit economics, the firm adds.
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Read More on DASH:
- DoorDash price target raised to $190 from $150 at DA Davidson
- DoorDash price target raised to $200 from $190 at Wedbush
- DoorDash price target lowered to $191 from $193 at Roth Capital
- DoorDash price target raised to $225 from $220 at Benchmark
- DoorDash’s Strategic Focus on Affordability and International Expansion Justifies Buy Rating
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