FMP
Jul 26, 2024 9:37 AM - Davit Kirakosyan
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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.
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...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...