DoorDash (NASDAQ: DASH) shares are higher Thursday, last seen up 4% to trade at $174.72, following the food delivery giant’s mixed report and upbeat forecast. The company earned $0.42 per share against estimates of $0.36, though revenue of $4.04 billion came in just shy of the $4.14 billion consensus.
No fewer than five analysts raised their price targets, with BMO readjusting to $293 from $288. With the 12-month consensus price target of $249.54 at a 43.7% discount to current levels, there is plenty of room for further bull notes.
Today's pop has DASH on track for its second-straight gain. Pressure at the 100-day moving average still lingers above after turning away a rally just two weeks ago, however. Since the start of the year, the shares are down 24%.
DoorDash stock's Schaeffer's Volatility Scorecard (SVS) sits at a relatively high 84 out of 100, indicating the stock has tended to exceed option traders' volatility expectations during the past year.
Options pits are stirring up some noise, with 13,000 calls and 7,142 puts across the tape -- four times the amount typically seen at this point. The most popular by far is the January 175 call, with new positions opening there.
