BUZZ-Jefferies downgrades DoorDash to 'hold,' says growth fully priced-in

Reuters
15 Jul
BUZZ-Jefferies downgrades DoorDash to 'hold,' says growth fully priced-in

** Jefferies downgrades meal delivery platform DoorDash DASH.O a notch to "hold" from "buy," as it sees growth fully priced-in

** Brokerage lifts PT to $250 from $235, 4% premium to stock's last close

** Our profit decomposition supports upside to consensus and peer-leading EBITDA growth, but likely not enough to justify continued outperformance - Jefferies

** 28 of 42 brokerages rate stock "buy" or higher, rest rate "hold"; median PT is $230 - data compiled by LSEG

** YTD, DASH up 44.7%, as of last close

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com))

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