BUZZ-DoorDash falls after MofettNathanson downgrade
Reuters · 09/15 13:25
BUZZ-DoorDash falls after MofettNathanson downgrade

** Shares of food delivery company DoorDash DASH.K slip 3.15% to $80.37 pre-market

** MofettNathanson downgrades stock to "market perform" from "outperform"

** Brokerage cites reduced spending among DASH's young consumer base, amid student loan risk and inflation, cuts PT to $93 from $110

** The price target represents a 12.07% upside to the stock's last close $82.98

** 14 of 35 brokerages rate the stock "buy" or higher, 20 "hold" and 1 "sell"; their median PT is $95.00

** YTD, stock up 69.97%


(Reporting by Aatreyee Dasgupta in Bengaluru)

((Aatreyee.Dasgupta@thomsonreuters.com))