Benchmark lowered the firm’s price target on DoorDash (DASH) to $315 from $320 and keeps a Buy rating on the shares. DoorDash’s “hundreds of millions” of investments incremental to FY25 levels is a divergence from its historically steady fixed cost leverage, but the firm views the investment opportunity as “justified” given the company’s proven ability to penetrate new verticals and markets, the analyst tells investors.
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Read More on DASH:
- DoorDash price target lowered to $279 from $315 at Goldman Sachs
- DoorDash price target lowered to $253 from $255 at Stifel
- DoorDash price target lowered to $305 from $325 at BofA
- DoorDash price target lowered to $285 from $310 at Bernstein
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