DoorDash (DASH, Financial), a leading name in the food delivery sector, has received a revised price target from the notable financial services firm, Cantor Fitzgerald. The updated price target has been elevated to $260.00 from a previous $210.00, marking a significant 23.81% increase.
The revision came as analyst Deepak Mathivanan at Cantor Fitzgerald maintains an "Overweight" rating on DoorDash (DASH, Financial), reflecting continued confidence in the company's market performance and growth potential. The "Overweight" rating remains unchanged from the prior assessment.
This adjustment in the price target reflects Cantor Fitzgerald's positive outlook towards DoorDash’s (DASH, Financial) strategic positioning and operational execution. Investors and market watchers will likely be keen on tracking DoorDash's progress as it continues to navigate the competitive landscape of the food delivery industry.
The updated assessment and raised price target are set against the backdrop of DoorDash's recent performance and strategic initiatives heading into mid-2025. As of the latest update, DoorDash (DASH, Financial) remains a focal point for investors looking for growth opportunities within the sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 36 analysts, the average target price for DoorDash Inc (DASH, Financial) is $220.09 with a high estimate of $260.00 and a low estimate of $179.34. The average target implies an downside of 7.27% from the current price of $237.35. More detailed estimate data can be found on the DoorDash Inc (DASH) Forecast page.
Based on the consensus recommendation from 42 brokerage firms, DoorDash Inc's (DASH, Financial) average brokerage recommendation is currently 2.0, 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 $151.43, suggesting a downside of 36.2% from the current price of $237.35. 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.
