美國銀行證券將 DoorDash 目標價提高至 155 美元，理由是強勁的成長和利潤狀況

美國銀行證券將 DoorDash 的股價目標上調至 155 美元，由於其與同行相比強勁的成長和利潤狀況，維持「買入」評級。此次修正是在與FANG 股票和Uber 進行比較後做出的，DoorDash 的2024-2025 年EBITDA 利潤率為18%，平均收入增長率為17.5%，優於同行的21% 利潤率和14.5% 增長率。

BofA Securities Raises DoorDash Price Target to $155, Citing Robust Growth and Margin Profile

美國銀行證券將 DoorDash 目標價提高至 155 美元，理由是強勁的成長和利潤狀況

New York, NY - In a bullish move that underscores DoorDash Inc.'s (NASDAQ: DASH) exceptional performance, BofA Securities has upgraded its price target on the stock to $155, up from $139 previously. The firm maintains a "Buy" rating, reflecting its unwavering confidence in the company's long-term prospects.

紐約州紐約 - 美國銀行證券公司將該股目標價從先前的 139 美元上調至 155 美元，此舉突顯了 DoorDash Inc.（納斯達克股票代碼：DASH）的卓越表現。該公司維持「買入」評級，反映出其對公司長期前景堅定不移的信心。

Stellar Performance Drives Target Increase

出色的業績推動目標增加

The upward revision stems from DoorDash's impressive growth trajectory and superior margin profile compared to its peers. The company's strong execution has been evident in its robust revenue growth, efficient cost management, and expanding market share.

向上修正源自於 DoorDash 與同業相比令人印象深刻的成長軌跡和優越的利潤率。該公司強勁的執行力體現在其強勁的收入成長、高效的成本管理和不斷擴大的市場份額。

When benchmarked against a comparison group comprising FANG stocks and Uber (NYSE: UBER), DoorDash stands out with its 18% EBITDA margin and 17.5% average revenue growth for 2024 and 2025. This outperformance has prompted BofA Securities to select a revenue multiple of 5.5 times for DoorDash, slightly above the peer group's average, to reflect the company's exceptional growth trajectory.

以FANG 股票和Uber（NYSE：UBER）為基準進行比較時，DoorDash 以其18% 的EBITDA 利潤率和2024 年和2025 年17.5% 的平均收入成長率而脫穎而出。這種優異的表現促使美國銀行證券選擇5.5 的營收倍數DoorDash 的時間略高於同業平均水平，反映了該公司非凡的成長軌跡。

Premium Valuation Justified

溢價估價合理

The new price target of $155 is based on an enterprise value (EV) of $66 billion, or a market capitalization of $69 billion including net cash. This calculation assumes a share count of 440 million, which has been adjusted down by 10 million to account for incremental buybacks.

155 美元的新目標價是基於 660 億美元的企業價值 (EV) 或包括淨現金在內的 690 億美元的市值。此計算假設股票數量為 4.4 億股，並已因增量回購而減少了 1,000 萬股。

BofA Securities' analysis suggests that DoorDash's strong growth and margin outlook warrant a premium valuation relative to its peers. The company's dominant position in the food delivery market, combined with its innovative technology and expanding delivery network, provides a solid foundation for sustained growth and profitability.

美國銀行證券的分析表明，DoorDash 的強勁成長和利潤前景值得其相對於同業的溢價估值。該公司在食品配送市場的主導地位，加上其創新技術和不斷擴大的配送網絡，為持續成長和獲利能力提供了堅實的基礎。

InvestingPro Insights Corroborate Optimism

InvestingPro 的見解證實了樂觀情緒

Independent data from InvestingPro corroborates BofA Securities' bullish outlook on DoorDash. The company has demonstrated remarkable revenue growth, with a 31.17% increase over the last twelve months as of Q4 2023, significantly outpacing many industry competitors. This growth has been accompanied by a strong total return of 117.51% over the past year, signaling strong investor confidence.

InvestingPro 的獨立數據證實了美國銀行證券對 DoorDash 的看漲前景。該公司表現出顯著的收入成長，截至 2023 年第四季的過去 12 個月增長了 31.17%，大大超過了許多行業競爭對手。這一成長伴隨著過去一年117.51%的強勁總回報率，顯示投資者信心強勁。

Financial Strength and Potential

財務實力和潛力

InvestingPro Tips highlight DoorDash's healthy financial position. The company maintains a net cash position and is expected to achieve net income growth this year. These financial strengths demonstrate the company's solid footing and potential for sustained growth. Additionally, DoorDash's liquid assets exceed its short-term obligations, providing flexibility and stability for future operations.

InvestingPro Tips 強調了 DoorDash 健康的財務狀況。公司維持淨現金狀況，預計今年淨利成長。這些財務實力證明了公司堅實的基礎和持續成長的潛力。此外，DoorDash 的流動資產超過其短期義務，為未來的營運提供了靈活性和穩定性。

Investment Conclusion

投資總結

With a market capitalization adjusted to $55.03 billion and trading near its 52-week high, DoorDash's valuation reflects its high growth prospects. Investors interested in deeper analysis can find additional InvestingPro Tips to guide their investment decisions. For those seeking comprehensive insights, the coupon code PRONEWS24 offers an additional 10% discount on a yearly or biyearly Pro and Pro+ subscription to InvestingPro.

DoorDash 的市值調整至 550.3 億美元，交易價格接近 52 週高點，其估值反映了其高成長前景。對更深入分析有興趣的投資者可以找到其他 InvestingPro Tips 來指導他們的投資決策。對於那些尋求全面見解的人來說，優惠券代碼 PRONEWS24 為 InvestingPro 的年度或兩年 Pro 和 Pro+ 訂閱提供額外 10% 的折扣。

Additional Insights Available

可用的其他見解

This article was generated with the support of AI and reviewed by an editor. However, it is important to note that there are 13 additional InvestingPro Tips listed for DoorDash, which can provide further context to the company's financial health and market position. For a more comprehensive understanding, interested investors are encouraged to explore these insights.

本文是在人工智慧的支援下產生的，並經過編輯審查。然而，值得注意的是，DoorDash 還列出了 13 個額外的 InvestingPro 提示，這些提示可以為該公司的財務狀況和市場地位提供進一步的背景資訊。為了更全面地了解，鼓勵有興趣的投資者探索這些見解。