DoorDash (DASH) Stock: $100 Price Target And Equal Weight Rating

By Amit Chowdhry ● Apr 28, 2022
  • The shares of DoorDash Inc (NYSE: DASH) have received a $100 price target from Morgan Stanley. These are the details.

The shares of DoorDash Inc (NYSE: DASH) have received a $100 price target from Morgan Stanley. And Morgan Stanley analyst Brian Nowak initiated coverage of DoorDash with an “Equal-Weight” rating.

Nowak is bullish on DoorDash’s U.S. restaurant supply and courier network, high-frequency DashPass member base, and the U.S. restaurant business generating the highest EBITDA/order of any global peer. But Nowak would await a better entry point given the stock’s current valuation – which seems full, according to Nowak.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.