JPMorgan lowered the firm’s price target on DoorDash (DASH) to $300 from $325 and keeps an Overweight rating on the shares. The company is seeing solid sales trends but incremental investments are brining near-term margin pressure, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DASH:
- Why Elon Musk’s Trillion-Dollar Pay Plan Isn’t a Sure Thing. Here’s Some Cautionary Tales.
- DoorDash price target lowered to $241 from $316 at UBS
- DoorDash price target lowered to $315 from $320 at Benchmark
- DoorDash price target lowered to $279 from $315 at Goldman Sachs
- DoorDash price target lowered to $253 from $255 at Stifel