- DoorDash partners with Giant Tiger Stores for faster delivery in Canada, boosting stock prices.
- Analysts forecast a significant price increase for DoorDash shares, suggesting potential for growth.
- GuruFocus analysis highlights possible undervaluation risks amid current trading prices.
DoorDash (DASH, Financial) is strategically expanding its footprint by partnering with Giant Tiger Stores to offer rapid delivery services, aiming to deliver products within an hour across several Canadian provinces. This exciting venture has positively impacted DoorDash's stock, prompting a 1.28% premarket increase to $182.81.
Analysts' Insights on DoorDash's Future
According to projections by 39 leading financial analysts, DoorDash Inc (DASH, Financial) has an average price target of $217.98 over the next year, with estimates ranging from a low of $138.27 to a high of $246.00. This suggests a potential upside of 20.77% from the current trading price of $180.49. For more comprehensive information, visit the DoorDash Inc (DASH) Forecast page.
Brokerage Recommendations
The consensus among 45 brokerage firms places DoorDash Inc (DASH, Financial) at an average recommendation level of 2.1, aligning with an "Outperform" rating. On the rating scale, 1 signifies a "Strong Buy," while 5 indicates a "Sell" position.
Valuation Concerns: GuruFocus Estimates
Despite optimistic analyst forecasts, GuruFocus estimates a GF Value for DoorDash Inc (DASH, Financial) of $132.36 in one year. This estimation points to a potential downside of 26.67% from its current market price of $180.49. The GF Value is calculated based on historical trading multiples, previous business growth, and future business performance projections. Explore further details on the DoorDash Inc (DASH) Summary page.
