DoorDash (DASH) Stock: $256 Price Target From Evercore

By Amit Chowdhry ● Feb 15, 2022
  • The shares of DoorDash Inc (NYSE: DASH) have received a $256 price target from Evercore. These are the details.

The shares of DoorDash Inc (NYSE: DASH) have received a $256 price target from Evercore. And Evercore analyst Mark Mahaney reiterated an “Outperform” rating on the shares.

Mahaney pointed out that DoorDash has been seeing more upside than downsize on the belief that management was conservative in giving guidance for a seasonally strong fourth quarter.

“The Street is modeling 2% Q/Q GOV growth in Q4:21 vs. 13% in Q4:20 and 19% in Q4:19,” wrote Mahaney in a research note. “We find intra-quarter data points to be encouraging – Uber reported Delivery GB growth of 5% Q/Q in Q4 (guiding to flat to up modestly in Q1 Q/Q), Just Eat Takeaway.com’s NA operations (primarily Grubhub) posted GTV growth of 4% Q/Q, SensorTower MAUs are up Q/Q, and Omicron’s positive impact to Food Delivery in the 2H of December and into 2022 should position the company favorably. Thus, we also find the Street’s Q1 GOV, Revenue, and EBITDA estimates to be reasonable.”

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