AAL

DoorDash Stock Eyes Fresh Closing Highs After Bull Note

The firm raised its price target to $255 from $190

Deputy Editor
Sep 16, 2021 at 10:19 AM
facebook X logo linkedin


The shares of DoorDash Inc (NYSE:DASH) are up 6.3% at $223.11, after Bank of America upgraded the stock to "buy" from "neutral," while also raising its price target to $255 from $190. The firm sees plenty of upside this year, as well as a "robust" five-year growth opportunity thanks to increased online ordering of grocery, convenience products, and alcohol. 

Coming into today, the majority of analysts were hesitant toward DoorDash stock, with 10 of the 17 in coverage sporting a "hold" rating, leaving plenty of room for additional upgrades in the future. Meanwhile, the 12-month consensus price-target of $197.29 is an 11.2% discount to current levels. 

On the charts, the DASH has added 35% over the last three months, during which it was guided higher by the 40-day moving average -- a trendline the equity hasn't closed below since early June. DASH is now trading at its highest level since February, and eyeing its highest close on record. Longer term, DoorDash stock boasts a 56% year-to-date lead.

Options traders are chiming in as a result of the positive price action. So far, 20,000 calls and 7,692 puts have exchanged hands, which is six times the intraday average. The most popular contract is the September 225 call, followed by the 220 call in the same series, with positions being opened at both. 

 

 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.