DoorDash (DASH) Price Target Raised by JMP Securities to $250

JMP Securities has raised its price target for DoorDash (DASH) to $250, a 6.38% increase from the previous $235 target. The firm maintains a "Market Outperform" rating for DoorDash. The average one-year target price for DASH is $230.31, with a high estimate of $315 and a low estimate of $179.34. The average target implies a 5.16% downside from the current price.

Title: JMP Securities Raises Price Target for DoorDash to $250

JMP Securities has recently raised its price target for DoorDash (DASH) to $250, a 6.38% increase from the previous $235 target. The firm maintains a "Market Outperform" rating for DoorDash, reflecting a positive outlook on the company's future performance. The average one-year target price for DASH stands at $230.31, with a high estimate of $315 and a low estimate of $179.34. This average target implies a 5.16% downside from the current price.

The upgrade in the price target is based on JMP Securities' assessment of the company's strong financial performance and potential for growth. The firm cited the substantial U.S. pet spending market, which totaled $152 billion in 2024, and highlighted the ongoing trend of pet humanization as a catalyst for future growth in the sector. Chewy has capitalized on this trend, generating $12.1 billion in revenue over the last twelve months, with a healthy gross profit margin of 29.24%.

Despite the positive outlook, JMP Securities noted that the company's recent ramp in affordability initiatives could limit upside to take rate. The firm believes there is room for analyst estimates on Chewy to move higher, potentially driving the stock price toward the firm's new $48 target.

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References
[1] https://www.investing.com/news/analyst-ratings/chewy-stock-price-target-raised-to-48-from-39-at-jmp-securities-93CH-4129313
[2] https://www.tipranks.com/stocks/dash/forecast