These Analysts Increase Their Forecasts On DoorDash After Upbeat Earnings

DoorDash, Inc. 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.

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