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Doordash Inc (NASDAQ:DASH)’s stock reached a new 52-week high, hitting 247.98 USD, marking a significant milestone for the company. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 1.72 and holds more cash than debt on its balance sheet. This achievement reflects a remarkable 129.42% increase in its stock price over the past year, underscoring the company’s strong performance and investor confidence. The surge in stock value highlights Doordash’s robust growth trajectory, with revenue growing 23.35% over the last twelve months to $11.24 billion. The company’s strategic initiatives and expanding partnerships have contributed to this upward momentum, positioning it favorably in the competitive landscape. InvestingPro subscribers can access 18 additional investment tips and comprehensive technical analysis for DASH stock.
In other recent news, DoorDash has seen multiple developments that are significant for investors. BTIG has raised its price target for DoorDash to $265, citing strong growth momentum and maintaining a Buy rating. The firm highlighted accelerating order volume growth and noted that DoorDash is trading at a substantial multiple of its 2026 free cash flow estimate. In a separate update, Raymond (NSE:RYMD) James upgraded DoorDash’s stock rating to Strong Buy, increasing its price target to $260. This upgrade is based on the underappreciated synergy potential from DoorDash’s acquisition of Deliveroo (OTC:DROOF), which is expected to contribute to EBITDA growth.
Additionally, DoorDash has partnered with Flytrex to launch a drone delivery service in the Dallas-Fort Worth area, aiming to expand this service further. Citizens JMP also raised its price target for DoorDash to $235, following the launch of new AI-powered advertising tools and the acquisition of Symbiosys. The firm expressed optimism about DoorDash’s advertising revenue growth, which reached a $1 billion run rate last year. Lastly, JMP Securities maintained its Market Outperform rating with a $235 price target, noting the untapped potential for DoorDash to leverage its first-party data for advertising revenue growth.
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