Gordon Haskett sees 'compelling re-entry point,' upgrades DoorDash to Buy
Gordon Haskett analyst Robert Mollins upgraded DoorDash to Buy from Hold with a $217 price target, noting that when he had downgraded the stock on November 9 with the shares trading at about $230 that he had said he would be more constructive on the shares at a better entry point. With the shares down 22% since he'd downgraded them, he sees a "compelling re-entry point," especially against the backdrop of the omicron variant, which Mollins thinks could drive an increase in consumer aversion to dining out in the near-term.
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