Why DoorDash Is Trading Lower Today
DoorDash Inc (NYSE: DASH) is trading lower Thursday morning following a price target cut at DA Davidson.
What Happened: On Wednesday, DA Davidson analyst Tom White maintained DoorDash with a Neutral rating and lowered the price target from $162 to $158.
DASH Earnings: On May 13, DoorDash reported an earnings loss of 34 cents per share, which came in below the estimate for a loss of 26 cents per share. It reported quarterly revenue of $1.08 billion, which beat the estimate of $993.32 million.
Related Link: Understanding DoorDash's Unusual Options Activity
Price Action: DoorDash traded as high as $256.09 and as low as $110.13 since its IPO on Dec. 9. 2020.
At last check Thursday, the stock was down 4.35% at $134.10.
Photo by GoToVan from Flickr.
Latest Ratings for DASH
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 2022 | JMP Securities | Maintains | Market Outperform | |
| Feb 2022 | JP Morgan | Maintains | Neutral | |
| Feb 2022 | Needham | Maintains | Buy |
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted-In: Tom White why it's movingPrice Target Analyst Ratings Movers Trading Ideas
