Morgan Stanley has revised its price target for DoorDash (DASH, Financial), reducing it from $245 to $210. Despite this adjustment, the firm maintains an Overweight rating on the delivery service's shares. This change comes as Morgan Stanley reevaluates its broader North American internet stock coverage, taking into account potential macroeconomic challenges and the impact of tariff issues on e-commerce and digital advertising sectors.
The decision reflects a comprehensive review of the market conditions that could affect online businesses, particularly in response to economic pressures and regulatory factors. By adjusting its expectations, Morgan Stanley is aligning with anticipated changes in the digital landscape and its potential implications for DoorDash and similar companies.
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 21.80% from the current price of $179.39. 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 $132.29, suggesting a downside of 26.26% from the current price of $179.39. 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.
