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DASH
Benzinga
6 hrs

DoorDash Can Outpace Uber On Free-Cash-Flow Growth: Analyst

1. JP Morgan upgraded DoorDash to Overweight from Neutral with a $325 target. 2. DASH expected to generate higher free cash flow than Uber in next five years. 3. DoorDash holds over 60% market share in U.S. food delivery. 4. International expansion and SevenRooms acquisition will broaden DoorDash's market. 5. DASH's GOV predicted to grow 17% annually, with 27% EBITDA growth.

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FAQ

Why Bullish?

The analyst's upgrade and positive forecasts suggest increased investor confidence. Historical context shows upgrades often lead to a stock price increase.

How important is it?

Significant analyst coverage and bullish sentiments can sway investor decisions. The strategic investments and market forecasts provide a strong basis for long-term growth.

Why Long Term?

The growth projections span several years, indicating sustained interest in DASH's model and market strategies.

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