Summary:
- DoorDash strengthens its ad tech capabilities with the acquisition of Symbiosys, valued at $175 million.
- Analysts project an average price target of $218.20 for DoorDash, offering a potential upside of 1.63%.
- GuruFocus estimates suggest a 29.44% downside from the current stock price based on GF Value calculations.
DoorDash's Strategic Acquisition of Symbiosys
In a bold move to enhance its offsite advertising capabilities, DoorDash (DASH) has acquired Symbiosys, an advanced ad tech platform. Valued at a significant $175 million, this acquisition is set to transform DoorDash's advertising landscape by integrating AI-driven tools. These tools will empower brands to craft more targeted ads and track their performance with precision.
Wall Street Analysts' Forecast
Based on the projections from 37 analysts, the average one-year price target for DoorDash Inc (DASH) stands at $218.20. The high estimate reaches $240.00, while the low estimate is $179.34. This average target suggests a potential upside of 1.63% from the current trading price of $214.70. For further detailed estimates, please visit the DoorDash Inc (DASH, Financial) Forecast page.
The consensus among 43 brokerage firms positions DoorDash with an average recommendation score of 2.1, indicating an "Outperform" status. This rating operates on a scale from 1 to 5, where 1 represents a Strong Buy, and 5 suggests a Sell action.
Evaluating the GF Value Estimate
According to GuruFocus estimates, the projected GF Value for DoorDash Inc (DASH) over the next year is $151.48. This estimation implies a potential downside of 29.44% from the current stock price of $214.695. The GF Value is GuruFocus' calculated fair value, based on historical trading multiples along with past and future business growth projections. For an in-depth analysis, visit the DoorDash Inc (DASH, Financial) Summary page.
