DoorDash Inc. (NASDAQ:DASH) posted weaker-than-expected fourth-quarter earnings, after the closing bell on Wednesday.
DoorDash reported quarterly earnings of 48 cents per share, which missed the Street estimate of 60 cents. Quarterly revenue came in at $3.96 billion, which missed the consensus estimate of $3.99 billion and was up from $2.87 billion in the same period last year.
DoorDash said it expects the first quarter marketplace gross order value (GOV) in a range of $31 billion to $31.8 billion and adjusted EBITDA in a range of $675 million to $775 million.
DoorDash shares rose 8.8% to $188.70 in pre-market trading.
These analysts made changes to their price targets on DoorDash following earnings announcement.
- Needham analyst Bernie McTernan maintained DoorDash with a Buy and lowered the price target from $275 to $265.
- B of A Securities analyst Michael McGovern maintained the stock with a Buy and raised the price target from $260 to $272.
- DA Davidson analyst Tom White maintained DoorDash with a Neutral and lowered the price target from $260 to $224.
Considering buying DASH stock? Here’s what analysts think:

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