![]() ![]() Given how ride hailing and food delivery will evolve in the coming year, DoorDash stock looks way too expensive while Uber looks a little undervalued. DoorDash is close to profitability, for sure, but its business will also face a challenge as restaurants open up. Meanwhile, UberEats burns through a considerable amount of cash and its growth could stall as people get the chance to go to restaurants freely again. 67.57 +2.28 (+3.49) At close: 04:00PM EDT 67.60 +0.03 (+0.04) After hours: 04:14PM EDT Stock chart is not supported by your current browser Gain actionable insight from technical analysis on. on the stock exchange on Wednesday helped to reduce the impact on traders. Based on short-term price targets offered by 20 analysts, the average price target for DoorDash, Inc. ![]() As the pandemic eases, Uber’s ride-hailing operation is likely to grow in the coming 12 months, which should put it into the black. 6 Projection of bank fees saved is based on the number of MoneyLion users. ![]() But if you value UberEats based on DoorDash’s trading price-the stock closed Friday at a whopping $202.97 compared to its IPO price of $102-investors appear to be putting no value on Uber’s ride-hailing business at all. The median estimate represents a +10.48 increase from the last price of 67.89. DoorDash stock (NYSE: DASH) has rallied by almost 10 over the last month, significantly outperforming the S&P 500 which declined about 1 over the same period. Investors realize that the premium put on DoorDash implies that Uber’s food-delivery business, UberEats, is also now worth more. Stock Price Forecast The 25 analysts offering 12-month price forecasts for DoorDash Inc have a median target of 75.00, with a high estimate of 105.00 and a low estimate of 40.00. Since DoorDash went public in early December at a higher than expected value for the food-delivery service, Uber’s stock has risen 13%. ![]()
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