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Benzinga
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DoorDash Delivers Strong Q4, 7 Analysts Raise Forecasts On Growth Initiatives Across International Markets

1. DoorDash shares rose after solid Q4 results, with GOV growth accelerating. 2. Analysts raised price targets, indicating confidence in DoorDash's growth potential. 3. The company announced a $5 billion buyback program, surprising analysts positively. 4. DoorDash continues to expand beyond restaurant deliveries, boosting user growth. 5. Management's guidance shows GOV growth expected to decelerate in Q1.

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FAQ

Why Bullish?

Analysts' price target increases and strong growth indicators suggest rising investor confidence.

How important is it?

Strong earnings and analyst upgrades significantly affect market perception and investor decisions.

Why Short Term?

The immediate market reaction to Q4 results will likely drive short-term price increases.

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