DoorDash Inc (NASDAQ:DASH) stock soared to a new 52-week high of $252.94, underscoring investor confidence in the company’s strong growth trajectory. Over the past year, the stock has more than doubled, gaining an impressive 108.07%, reflecting robust market sentiment and faith in DoorDash’s evolving business model.
The company currently holds a market capitalization of $105.24 billion and has reported solid revenue growth of 23.35%. DoorDash’s ongoing innovation and expansion of services have been key drivers behind this strong performance, attracting sustained investor interest.
Ahead of its upcoming second-quarter earnings report, DoorDash has received several positive analyst upgrades. Truist Securities raised its price target to $272 from $230, maintaining a Buy rating while expecting the company to exceed gross order value projections. Raymond James increased its target to $275 from $260, highlighting DoorDash’s advertising business reaching a $1 billion run-rate and forecasting substantial growth in ad revenue by 2027. Bernstein lifted its target to $265 from $210, citing confidence in DoorDash’s fundamentals and gross order value growth. Benchmark raised its price target to $260 from $225, anticipating strong gross order value and adjusted EBITDA results. Loop Capital offered the most optimistic outlook, boosting its target to $305 from $235, emphasizing DoorDash’s expanding role in local commerce and dominance in the restaurant delivery market.
These analyst upgrades and strong market performance reflect broad optimism that DoorDash is well-positioned for continued growth and market leadership.
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