DoorDash stock rating maintained at Market Outperform by Citizens

Citizens has maintained a Market Outperform rating on DoorDash Inc. (NASDAQ:DASH) stock, with a price target of $240.00, according to Investing.com. The firm highlighted the impact of Australia’s new minimum pay requirement for gig workers, which set the rate at A$31.30 ($22.11) per hour, exceeding the country’s minimum wage. Despite this potential headwind, the analyst remains confident in DoorDash’s performance, citing eight recent earnings revisions upward.

Meanwhile, Serve Robotics Inc. has expanded its collaboration with DoorDash, adding Washington, DC, and San Jose, California, to its operations. Meanwhile, Lyft Inc. received a revised price target from Susquehanna, indicating a Neutral rating and a target of $18.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.