DoorDash Inc DASH is trading lower Thursday morning following a price target cut at DA Davidson.
What Happened: On Wednesday, DA Davidson analyst Tom White maintained DoorDash with a Neutral rating and lowered the price target from $162 to $158.
DASH Earnings: On May 13, DoorDash reported an earnings loss of 34 cents per share, which came in below the estimate for a loss of 26 cents per share. It reported quarterly revenue of $1.08 billion, which beat the estimate of $993.32 million.
Related Link: Understanding DoorDash's Unusual Options Activity
Price Action: DoorDash traded as high as $256.09 and as low as $110.13 since its IPO on Dec. 9. 2020.
At last check Thursday, the stock was down 4.35% at $134.10.
Photo by GoToVan from Flickr.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
