DoorDash (DASH, Financial) has put forward an ambitious £2.7 billion ($3.60 billion) proposal to acquire Deliveroo (OTCPK:DROOF), offering 180 pence ($2.40) per share. This move has led Deliveroo's stock to surge by more than 38% as the company's board considers backing the deal.
Key Highlights
- DoorDash aims to acquire Deliveroo for £2.7 billion, causing a significant jump in Deliveroo's share price.
- Analysts project an average price target of $216.82 for DoorDash, suggesting a potential upside.
- The estimated GF Value indicates a possible downside, calling for investor caution.
Wall Street Analysts' Forecasts
Analysts have provided one-year price targets for DoorDash Inc (DASH, Financial), setting an average target price at $216.82. The projections range with a high of $246.00 and a low of $150.00. The average target indicates a potential upside of 15.05% from the current trading price of $188.47. To explore detailed estimates, visit the DoorDash Inc (DASH) Forecast page.
Brokerage Recommendations
Assessment from 44 brokerage firms presents DoorDash Inc (DASH, Financial) with an average recommendation score of 2.1, reflecting an "Outperform" status. The rating scale spans from 1, denoting a Strong Buy, to 5, indicating a Sell.
GuruFocus Analysis: GF Value Estimate
According to GuruFocus's GF Value, DoorDash Inc (DASH, Financial) is estimated to have a fair value of $131.87 within the next year. This implies a potential downside of 30.03% from its current price of $188.465. The GF Value is derived from the stock's historical multiples, past business growth, and prospective performance forecasts. For more comprehensive data, refer to the DoorDash Inc (DASH) Summary page.
