Cantor Fitzgerald has adjusted its price target for DoorDash (DASH, Financial), reducing it from $230 to $210 while maintaining an Overweight rating on the stock. This revision comes as the firm anticipates a complex earnings season for its internet sector coverage, which kicks off next week.
The forecast for the upcoming earnings reports is clouded by several factors, including increasing macroeconomic uncertainties and the impact of tariffs on both current and future demand. These elements, combined with consumer behavior reacting to tariffs, are expected to result in "mixed signals" during the Q1 earnings season.
In response to these challenges, Cantor Fitzgerald suggests that investors should adopt a defensive strategy that can capitalize on unique market themes to generate returns. The firm has already accounted for a potential economic slowdown in its estimates for the second quarter and the latter half of the year, reflecting a cautious stance in the face of these uncertainties.
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 $218.49 with a high estimate of $246.00 and a low estimate of $150.00. The average target implies an upside of 20.35% from the current price of $181.55. 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 27.09% from the current price of $181.55. 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.
