DoorDash (DASH) Gets a Hold from J.P. Morgan

J.P. Morgan analyst Doug Anmuth maintained a Hold rating on DoorDash (DASHResearch Report) today and set a price target of $65.00. The company’s shares opened today at $61.49.

According to TipRanks, Anmuth is a 5-star analyst with an average return of 13.9% and a 57.37% success rate. Anmuth covers the Technology sector, focusing on stocks such as DoorDash, Meta Platforms, and Netflix.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DoorDash with a $70.64 average price target, representing a 14.88% upside. In a report released on January 18, Morgan Stanley also maintained a Hold rating on the stock with a $62.00 price target.

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The company has a one-year high of $130.20 and a one-year low of $41.37. Currently, DoorDash has an average volume of 5.17M.

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DASH in relation to earlier this year.

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Founded in 2013, DoorDash Inc is a California-based company which provides on-demand food delivery services in the United States, Canada, and Australia through its local logistics platform.

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