DoorDash Positioned As Clear Market Share Gainer With Growth In Grocery And Ads, Analyst Says, Upgrades Stock
DoorDash(DASH) Benzinga·2024-09-25 23:48
DoorDash, Inc DASH stock surged Wednesday after KeyBanc analyst Justin Patterson upgraded the stock from Sector Weight to Overweight with a $177 price target. Patterson noted DoorDash as a clear share gainer in a secular growth category with emerging revenue streams from advertising and new verticals like grocery. When Patterson initiated DoorDash before second-quarter earnings, he was constructive on DoorDash's fundamentals and long-term opportunity but cautious on near-term consumer spending data points, ...