The Newest Stock in the S&P 500 Soared 295% Since Early 2023 and Wall Street Says It's Still a Buy
The S&P 500 (SNPINDEX: ^GSPC) is considered the single best benchmark for the overall U.S. stock market because of its scope. It tracks the performance of 500 large companies that account for about 80% of domestic equities by market value.DoorDash (NASDAQ: DASH) was added to the S&P 500 on March 24 during the quarterly rebalancing. The stock has returned 295% since January 2023, and still has a consensus rating of "buy" among Wall Street analysts. Also, the median target price of $226 per share implies 18% upside from the current share price of $191.Here's what investors should know.Continue reading
The S&P 500 (SNPINDEX: ^GSPC) is considered the single best benchmark for the overall U.S. stock market because of its scope. It tracks the performance of 500 large companies that account for about 80% of domestic equities by market value.
DoorDash (NASDAQ: DASH) was added to the S&P 500 on March 24 during the quarterly rebalancing. The stock has returned 295% since January 2023, and still has a consensus rating of "buy" among Wall Street analysts. Also, the median target price of $226 per share implies 18% upside from the current share price of $191.
Here's what investors should know.
