JMP Securities raised the firm’s price target on DoorDash to $130 from $113 and keeps an Outperform rating on the shares ahead of the Q4 earnings report. The firm expects DoorDash to report healthy top-line results and strong profitability, and thinks the Street is underestimating DoorDash’s 2024 profitability as its COVID-era product launches mature, 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>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DASH:
- DoorDash Updates Severance Plan for Top Executives
- Needham Internet analyst to hold an analyst/industry conference call
- DoorDash price target raised to $109 from $92 at Roth MKM
- DoorDash to hike NYC delivery fees amid minimum wage increase, NY Post says
- DoorDash added to ‘Tactical Outperform list’ at Evercore ISI