DoorDash (DASH) News Today

DoorDash, Inc. (DASH) shares are trading higher as investors digest a string of bullish analyst revisions, encouraging profitability forecasts and strategic initiatives. Below are the key developments shaping today’s trading:

• Oppenheimer raised its price target on DASH from $220 to $280 and maintained an “Outperform” rating, citing stronger-than-expected third-party data and a pick-up in advertising revenue.
• Analysts at Oppenheimer project DoorDash could reach $4.5 billion in EBITDA by 2027, underscoring accelerating profitability prospects.
• Shares hit a new 52-week high amid robust trading momentum and broad market interest.
• Launch of a drone delivery service in North Texas expands DoorDash’s logistics capabilities and innovation pipeline.
• A roundup by 22 analysts provides mixed ratings and consensus views on DoorDash, highlighting varied outlooks on valuation and growth drivers.
• Inclusion in Zacks’ list of must-watch gig-economy stocks points to DoorDash’s exposure to a projected $2.15 trillion market by 2033.
• A consumer-tipping story from DailyDot generates publicity but carries limited impact on core business metrics.
• DoorDash’s successful lobbying to block a bill requiring apps to insure delivery workers could heighten regulatory and reputational risks going forward.