BNP Paribas Assumes Coverage of DoorDash (DASH), Assigns ‘Outperform’ Rating with $280 PT

Group 1 - DoorDash, Inc. (NASDAQ:DASH) is currently viewed as one of the best stocks to buy, with positive ratings from multiple analysts [1] - BNP Paribas has initiated coverage of DoorDash, assigning an 'Outperform' rating and a price target of $280 [2] - Cantor Fitzgerald has raised its price target for DoorDash from $270 to $285 while maintaining an 'Overweight' rating, citing a positive outlook for global internet stocks driven by AI developments [3] Group 2 - Wolfe Research has reduced its price target for DoorDash from $275 to $270 but still maintains an 'Outperform' rating, indicating a strong year ahead for internet stocks despite concerns over elevated multiples [4] - The overall sentiment in the market reflects a cautious optimism regarding DoorDash, with some analysts highlighting the potential for AI to drive revenue growth and improve long-term returns [3][4] - While DoorDash is recognized for its potential, some analysts suggest that certain AI stocks may offer greater upside potential with less downside risk [5]