FMP
Jul 26, 2024 9:37 AM - Davit Kirakosyan
Redburn-Atlantic analysts initiated coverage on DoorDash (NASDAQ:DASH) with a Buy rating and set a price target of $170, representing a potential upside of 66% from the current price.
The analysis highlights DoorDash's strong position in the market, attributing this to the company's significant investment capacity and proven track record in gaining market share. The analysts believe DoorDash is poised to achieve industry-leading gross transaction value (GTV) growth that exceeds consensus expectations. Additionally, they see multiple opportunities for the company to surpass consensus estimates for adjusted EBITDA.
Despite these positive prospects, DoorDash's stock is currently trading in line with its peers on a fiscal year 2026 enterprise value to free cash flow (EV/FCF) basis. This, according to the analysts, makes the stock's valuation appear particularly attractive, reinforcing their optimistic outlook for DoorDash's future performance.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...