Lyft and DoorDash have seen positive movements in their stock prices after RBC Capital Markets upgraded them to outperform. Lyft's market share dominance and potential partnership with DoorDash were cited as growth catalysts. DoorDash's new partnerships potential, including with Lyft, and higher order growth led to the upgrade, with a price target increase of $45 to $175, implying a 37% potential upside. Both stocks have shown premarket gains following the upgrades.
$DASH - upgraded at RBC with a whopping bump to $175 on the price target. Shares are up over 20% since the post-earnings low Market Rebellion analyst Bryan McCormick on Door Dash For more technical analysis, join the Rebellion: https://t.co/1Ui1h0X9zx https://t.co/Jrq3EJbjLw
$LYFT is up 7% premarket after RBC disclosed that it thinks the company could enter a partnership with DoorDash $DASH to compete with $UBER, with the broker upgrading both to outperform. $DASH also up 3%. https://t.co/0seuKriWES
$LYFT RBC Capital Markets upgraded Lyft , citing its market share dominance and potential DoorDash partnership as a possible growth catalyst. Analyst Brad Erickson upgraded Lyft shares to outperform from sector perform, and raised his price target by $6 to $23, implying roughly…
HAPPENING NOW •$M jumps on $1B buyout bid •RBC Upgrades $DASH and $LYFT •$T to present at $MS @TheDomino joins to break down the morning movers https://t.co/9cZvYcg643
$DASH $LYFT DoorDash’s potential to establish partnerships, particularly with ridesharing service Lyft, could “drive significant incremental orders” and put its loyalty program on closer equal footing with Uber. He sees a potential scenario where DashPass subscribers would…
$DASH DoorDash upgraded by RBC on new partnerships potential, higher order growth RBC Capital Markets upgraded DoorDash to outperform from sector perform. Analyst Brad Erickson raised his price target by $45 to $175, suggesting roughly 37% potential upside. The stock has added…
$LYFT ❖ LYFT SHARES UP 5.2% PREMARKET AFTER RBC RAISES TO OUTPERFORM