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Guggenheim Reiterates Buy on DoorDash, Maintains $255 Price Target
Guggenheim analyst Taylor Manley reiterates DoorDash (NASDAQ:DASH) with a Buy and maintains $255 price target.
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Domino's Pizza reported disappointing Q3 results with U.S. same-store sales growth of just 0.3% and international comparable sales up 0.2%, reflecting ongoing challenges from inflation, competition from delivery platforms, and weakening consumer spending. New CEO Joe Jordan, who took over in October, aims to improve customer relationships and franchisee profitability, but analysts note that returning to the strong growth of the 2010s will be difficult.
DoorDash shares are trading lower after Cantor Fitzgerald lowered its price target on the stock from $260 to $240.