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Analysts Offer Insights on Consumer Cyclical Companies: DoorDash (DASH), Global-e Online (GLBE) and Medifast (MED)

Tipranks - Fri Feb 20, 6:45AM CST

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on DoorDash (DASHResearch Report), Global-e Online (GLBEResearch Report) and Medifast (MEDResearch Report).

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DoorDash (DASH)

Bernstein analyst Nikhil Devnani maintained a Buy rating on DoorDash today and set a price target of $270.00. The company’s shares closed last Wednesday at $173.38.

According to TipRanks.com, Devnani is a 4-star analyst with an average return of 8.4% and a 45.8% success rate. Devnani covers the NA sector, focusing on stocks such as Maplebear, Wayfair, and Etsy. ;'>

DoorDash has an analyst consensus of Strong Buy, with a price target consensus of $267.64, implying a 64.6% upside from current levels. In a report issued on February 12, Bank of America Securities also maintained a Buy rating on the stock with a $260.00 price target.

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Global-e Online (GLBE)

Piper Sandler analyst Billy Fitzsimmons maintained a Buy rating on Global-e Online today and set a price target of $48.00. The company’s shares closed last Wednesday at $34.81.

According to TipRanks.com, Fitzsimmons is a 1-star analyst with an average return of -6.4% and a 15.4% success rate. Fitzsimmons covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Onestream, Inc. Class A, and ZoomInfo Technologies. ;'>

Global-e Online has an analyst consensus of Strong Buy, with a price target consensus of $47.60, implying a 30.5% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $47.00 price target.

Medifast (MED)

In a report released today, Jim Salera from Stephens maintained a Hold rating on Medifast, with a price target of $12.00. The company’s shares closed last Wednesday at $10.71.

According to TipRanks.com, Salera is a 1-star analyst with an average return of -3.6% and a 42.9% success rate. Salera covers the Consumer Goods sector, focusing on stocks such as The Hershey Company, Vita Coco Company, and Marzetti Company. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Medifast with a $12.00 average price target, implying a 14.3% upside from current levels. In a report released yesterday, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $10.50 price target.

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