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As recession fears mount, Trump faces criticism for prioritizing his legacy over American welfare, while U.S. cities demand $625 million from him ahead of the FIFA World Cup. Meanwhile, major retailers like Walmart and Costco are responding to economic pressures, and Starbucks is threatened by a Chinese competitor offering lower prices. In sports, Buffett's bracket challenge sees fewer upsets this year, with no lower seeds advancing, while Irish officials prepare for potential economic turbulence due to Trump tariffs.
Pittenger & Anderson Inc., Denver PWM LLC, Princeton Global Asset Management LLC, and ORG Wealth Partners LLC all made new investments in DoorDash during the fourth quarter, with valuations ranging from $29,000 to $36,000. Institutional investors hold 90.64% of the company's stock. UBS Group raised its price target for DoorDash from $200 to $204, while other brokerages have also increased their price objectives, reflecting a consensus rating of "Moderate Buy" with an average target price of $200.91.
UBS has adjusted its price target on DoorDash to $204 from $200 while maintaining a neutral rating. The company focuses on technology platforms that connect users with restaurants and service providers, with the United States representing 99.8% of its net sales.
UBS has raised its price target for DoorDash from $200 to $204, reflecting a positive outlook on the company's performance. This adjustment highlights the growing confidence in DoorDash's market position and potential for future growth.
US stock markets experienced mixed results amid tariff news and rising inflation expectations. The S&P 500 fell by 0.24%, while the Nasdaq 100 rose slightly by 0.06%. Focus this week shifts to the upcoming consumer price index report and Federal Reserve Chair Jerome Powell's testimony, with inflation anticipated to rise.
[Bloomberg]
UBS has raised its price target on DoorDash, Inc. to $200 from $182 while maintaining a neutral rating. The company focuses on technology platforms that connect users with restaurants and service providers, with the United States representing 99.8% of its net sales.
Elon Musk declined a dinner invitation from Nicolai Tangen, CEO of Norway’s $1.7 trillion wealth fund, after the fund voted against his $56 billion pay package, which has since appreciated to around $100 billion. Musk expressed disappointment, stating, “friends are as friends do,” and questioned Tangen about potential media leaks of their messages. Tangen clarified that under Norway’s transparency laws, all communications are public, and he wished Musk luck as a shareholder.
Elon Musk declined an invitation to dinner from Nicolai Tangen, CEO of Norway’s $1.4 trillion sovereign wealth fund, after the fund voted against ratifying Musk's controversial pay package. Musk expressed his disappointment over the fund's decision, which he felt warranted a lack of future favors. Tangen clarified that his messages were public records, and Musk later criticized him as a "dangerous politician" for allegedly using the fund for self-promotion.
Elon Musk and Nicolai Tangen, CEO of Norway's oil fund, had a clash after the fund voted against Musk's $56bn pay package, the largest for a CEO in the U.S. Musk declined Tangen's dinner invitation, expressing disappointment over the vote. The oil fund has a history of opposing excessive executive compensation, emphasizing performance-based pay.
DoorDash, Inc.
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