DoorDash Analysts Lower Price Targets, Yet Bullish Sentiment Remains Due to Robotics Growth
- Goldman Sachs cuts DoorDash (DASH) price target to $279 (-11.43%) but maintains "buy" rating, joined by B of A and Cantor Fitzgerald in cautious optimism. - DoorDash expands autonomous delivery to Miami with Coco Robotics, targeting national grocers via DashMart to reduce traffic/emissions while meeting demand. - Analysts highlight 24.46% YoY revenue growth and multi-modal delivery strategy (humans + drones/robots) as key differentiators in competitive market. - Mizuho and Susquehanna maintain bullish st
DoorDash (DASH) experienced a week of varied analyst responses, as Goldman Sachs
The stock's recent fluctuations align with its ongoing strategic growth initiatives.
Analysts are also watching broader economic indicators, such as upcoming U.S. crude oil stock data and U.K. GDP numbers, which could affect investor attitudes ahead of DASH’s earnings announcement. The company is preparing to report earnings alongside other major firms like Airbnb, Coca-Cola, and Coinbase in the coming week.
Although Goldman Sachs’ price target reduction suggests some caution, most analysts remain guardedly positive. Susquehanna’s forecast of a 51.41% upside and Mizuho’s 57.55% target show continued faith in DoorDash’s ability to thrive in a tough market. The company’s approach—blending human couriers with drones and robots—has positioned it well to adapt to changing consumer habits and regulatory trends.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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