DoorDash Stock Just Got a Big Upgrade - Here's What It Means

DoorDash (NASDAQ:DASH) has been analyzed by 24 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

The bullish sentiment for DoorDash can be seen in the shift in analyst ratings over the past 30 days. While some analysts have maintained their ratings, others have decided to upgrade their assessment of the company.

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $141.54, a high estimate of $170.00, and a low estimate of $115.00. This upward trend is apparent, with the current average reflecting a 7.59% increase from the previous average price target of $131.55.

The analysis of recent analyst actions sheds light on the perception of DoorDash by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Deepak Mathivanan of Cantor Fitzgerald has maintained his "Overweight" rating and price target of $160.00. In the same vein, Jake Fuller of BTIG has announced a "Buy" rating with a price target of $155.00. Other notable analysts include Tom White of DA Davidson, who raised his "Neutral" rating and price target from $110.00 to $119.00.

Rohit Kulkarni of Roth MKM also raised his "Neutral" rating and increased his price target from $118.00 to $124.00. Shyam Patil of Susquehanna has raised his "Positive" rating and adjusted his price target from $135.00 to $140.00.

Ken Gawrelski of Wells Fargo raised his "Equal-Weight" rating and increased his price target from $125.00 to $127.00. Andrew Boone of JMP Securities has raised his "Market Outperform" rating and adjusted his price target from $140.00 to $145.00.

Lloyd Walmsley of UBS raised his "Neutral" rating and increased his price target from $125.00 to $143.00. Other notable upgrades include Brian Pitz of BMO Capital, who raised his "Outperform" rating and price target from $127.00 to $140.00.

The positive shift in analyst sentiment suggests an increasing optimism about DoorDash's future prospects. The company's recent performance has no doubt played a role in these upgrades, as analysts reassess their estimates and provide a fresh perspective on the company's potential.

With so many analysts weighing in on DoorDash's prospects, it's clear that the company remains a topic of interest in the financial community. As the company continues to evolve and grow, investors will be keeping a close eye on its performance and the corresponding analyst estimates.