Wells Fargo raised the firm’s price target on DoorDash to $105 from $102 and keeps an Equal Weight rating on the shares. The firm expects expect initial 2024 high-end GOV/EBITDA guidance of $77.0/$1.7B, which would be positive given DoorDash’s history of conservative guidance, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DASH:
- DoorDash price target raised to $109 from $103 at Goldman Sachs
- Here’s Why Uber and DoorDash Stocks Gained Yesterday
- Netflix downgraded, Alphabet initiated: Wall Street’s top analyst calls
- New DOL rule could create headline risks for gig companies, says Compass Point
- Biden set to ‘unveil contractor rule set to upend gig economy,’ Reuters says