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Investing.com - DoorDash Inc. (NASDAQ:DASH) received a reiterated Buy rating and $326.00 price target from Truist Securities on Wednesday. For deeper insights into DASH’s valuation metrics and comprehensive analysis, check out the detailed research available on InvestingPro.
Truist cited positive intra-quarter data showing that growth in gross spending is tracking ahead of Street expectations quarter-to-date through August 28, with year-over-year September comparisons easing slightly.
The firm noted that DoorDash’s momentum reflects sustained execution across restaurant deliveries and particularly in new verticals, which it called "impressive given the uncertain macro" environment.
Truist highlighted that DoorDash’s strong financial performance is providing management with flexibility to expand internationally through its pending acquisition of Deliveroo and to enhance merchant software tools through the purchase of SevenRooms.
These strategic acquisitions are expected to further expand DoorDash’s total addressable market and momentum in fiscal year 2026 and beyond, according to the research note.
In other recent news, Amazon’s €1.13 billion fine imposed by Italy’s competition authority in 2021 has been reduced by an Italian administrative court, although the main findings against Amazon’s market practices were upheld. Additionally, Amazon announced plans to extend its corporate benefits to U.S. corporate employees at Whole Foods, aiming for full integration by December 2026. This move is part of Amazon’s broader strategy to align its grocery business operations. Meanwhile, Citizens JMP analyst Andrew Boone has raised Amazon’s stock price target to $285, maintaining a Market Outperform rating, citing observations in Amazon’s automotive marketplace. In another development, Morgan Stanley reaffirmed its Overweight rating on Amazon, emphasizing that the company’s increased capital expenditure has led to improved returns on invested capital. This aligns with similar evaluations for Meta Platforms and Alphabet, with all three companies showing enhanced ROICs. These developments reflect Amazon’s ongoing efforts to optimize its operations and financial strategies.
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