Evercore ISI reiterates an Outperform rating and maintains a $240 price target with “only modest changes to estimates” for DoorDash (DASH) following what the analyst describes as “InLine & Bracket Q1 EPS results.” The analyst, who is closing out a “Tactical Outperform” call with this note and removing the stock from the associated list at the firm, continues to believe that DoorDash can maintain close to premium revenue growth of about 20% thanks to its market leadership and believes DoorDash is likely taking market share in both restaurant and grocery delivery across most of its markets.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DASH:
- DoorDash Stock (DASH) Slips on $1.2B SevenRooms Deal
- M&A News: Delight for Delivery Giant Uber as it Snaps Up the Turkish ‘FedEx of Food’ for $700M.
- Unusually active option classes on open May 6th
- Morning Movers: DoorDash falls following Q1 results and pair of acquisitions
- Strategic Acquisitions and Strong Financial Performance Drive Buy Rating for DoorDash