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DoorDash Has ‘Considerable’ Room For Growth: This Analyst Changes Bearish Stance

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DoorDash Inc (NASDAQ: DASH) recently launched AI-powered feature SafeChat+ to combat chat abuse and harassment.

Although delivery could be less “sticky” than mobility, especially amid a macro downturn, the execution by the company’s management has been “impressive,” according to Piper Sandler.

The DoorDash Analyst: Thomas Champion upgraded the rating for DoorDash from Underweight to Neutral, while raising the price target from $53 to $127.

The DoorDash Thesis: Being a dominant player in the U.S. food delivery market allowed the company to negotiate favorable terms with restaurants and …

Full story available on Benzinga.com

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