Truist Securities Reiterates Buy Rating on DoorDash Inc. (DASH)

Truist Securities analyst Youssef Squali reiterated a Buy rating and $235.00 price target on DoorDash Inc. (NASDAQ: DASH).

The analyst commented: "We remain constructive on DASH half-way into 1Q25 based on our reading of the Truist Card Data which shows US marketplace GOV in line with consensus of ~$20.6B (+18% Y/ Y) thru 2/17, driven by momentum across restaurants and new verticals, underpinned by improving marketplace dynamics of selection, quality and speed. For margins & profitability, we expect further leverage in 1Q & FY25 with the magnitude of the improvement lower than in FY24, with dasher acquisition cost flattening and mgmt reinvesting in growth. A NT catalyst for DASH is a potential win of Domino's biz following the expiration of its exclusive deal with Uber in March."

For an analyst ratings summary and ratings history on DoorDash Inc. click here. For more ratings news on DoorDash Inc. click here.

Shares of DoorDash Inc. closed at $199.94 yesterday.

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