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Mizuho positive on DoorDash, expects stock price to shoot up by 30%
Summary
Brokerage Mizuho revised its rating on food distribution company DoorDash (NYSE: DASH) from ‘neutral’ to ‘buy’. The broker also upped its price target on DoorDash to US$105 from US$90. Mizuho’s upgraded price target represents an upside potential of 29.76% over DASH’s closing price on Monday.
Refinitiv data suggests that DASH has a mean recommendation rating of 2.4 on five. Here, one depicts a ‘strong buy’ rating, while five stands for a ‘strong sell' rating. This rating is achieved by combining the ratings given by 35 analysts.
Meanwhile, the consensus price target on DASH is US$94.8, an upside potential of 17.15% over Monday’s closing price.
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