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These Analysts Increase Their Forecasts On DoorDash After Upbeat Earnings

Published 02/11/2023, 17:32
Updated 02/11/2023, 18:40
© Reuters.  These Analysts Increase Their Forecasts On DoorDash After Upbeat Earnings
DASH
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Benzinga - by Lisa Levin, Benzinga Editor.

DoorDash, Inc. (NASDAQ: DASH) posted better-than-expected third-quarter earnings.

DoorDash reported losses of 19 cents per share, beating estimates of losses of 40 cents and up from losses of 77 cents per share year-over-year. The company also reported third-quarter revenue of $2.164 billion, beating the consensus estimate of $2.092 billion.

DoorDash shares jumped 16.8% to trade at $88.71 on Thursday.

These analysts made changes to their price targets on DoorDash following earnings announcement.

  • Wedbush raised the price target on DoorDash from $85 to $92. Wedbush analyst Scott Devitt maintained a Neutral rating.
  • Barclays increased the price target on DoorDash from $90 to $95. Barclays analyst Ross Sandler maintained an Equal-Weight rating.
Now Read This: Apple Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Latest Ratings for DASH

DateFirmActionFromTo
Feb 2022JMP SecuritiesMaintainsMarket Outperform
Feb 2022JP MorganMaintainsNeutral
Feb 2022NeedhamMaintainsBuy
View More Analyst Ratings for DASH

View the Latest Analyst Ratings

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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