Analyst Coverage Change
Morgan Stanley (#1), the large investment bank and financial services firms had its Analyst, Brian Nowak maintain the firm’s rating on DoorDash with a “Equal-Weight” on the stock, indicating that they believe the stock is fairly valued. The previous 12 month price target for the stock was USD 67, but it has been lowered to USD 62 per share.
Morgan Stanley Analyst Ranking
Morgan Stanley is ranked #1 out of 426 companies in Stock Target Advisor’s database based on its median rating accuracy of +18.54%. As a result, Stock Target Advisor has assigned it an A+ rating. The median target accuracy of Morgan Stanley is at +4.03% for its stock targets, and the median 12-month return on following Morgan Stanley’s buy/sell/hold advice is +9.53%. Stock Target Advisor’s database contains 15,404 stock ratings and 14,427 price targets from Morgan Stanley for 8 exchange(s) and 195 sector(s).
DoorDash Stock Forecast
Based on the average forecast of 15 analysts, the average target price for DoorDash Inc’s stock is USD 75.37 over the next 12 months. This suggests that the analysts believe the stock will increase in value and reach that price within the next year. (https://kidsrkids.com/) Additionally, the average analyst rating for the stock is “Buy,” which means that the majority of analysts believe the stock is a good investment opportunity.
However, the analysis from Stock Target Advisor has a slightly bearish outlook on the stock, which is based on 3 positive signals and 5 negative signals. A bearish outlook means that the analysis suggests that the stock may not perform as well as expected in the short term.
The current closing price of DoorDash Inc’s stock is USD 54.47. The stock’s price has increased by +13.38% over the past week, +3.71% over the past month, but has decreased by -58.59% over the last year. This suggests that the stock has been performing well recently, but has not performed well in the long term.