KeyBanc Capital Markets has revised its price target for DoorDash (DASH, Financial), lowering it from $240 to $230 while maintaining an Overweight rating. This adjustment comes in light of findings from the firm's recent Mobility & Delivery Survey.
The survey results indicate steady adoption in the ride-sharing segment, though there are potential concerns regarding consumer sensitivity to pricing and the increasing influence of autonomous vehicles. Despite these challenges in ride-sharing, KeyBanc believes that delivery services, such as those provided by DoorDash, face fewer impacts.
The firm's decision to adjust the price target reflects these market dynamics, balancing the prospects of delivery stability against the potentially volatile ride-sharing environment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 39 analysts, the average target price for DoorDash Inc (DASH, Financial) is $217.98 with a high estimate of $246.00 and a low estimate of $138.27. The average target implies an upside of 19.87% from the current price of $181.85. More detailed estimate data can be found on the DoorDash Inc (DASH) Forecast page.
Based on the consensus recommendation from 45 brokerage firms, DoorDash Inc's (DASH, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for DoorDash Inc (DASH, Financial) in one year is $132.36, suggesting a downside of 27.21% from the current price of $181.85. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the DoorDash Inc (DASH) Summary page.
