Sep. 9 at 8:11 PM
Scotiabank initiated coverage of the on-demand transportation and food-delivery sector, favoring established leaders Uber and DoorDash over Lyft. Analyst Nat Schindler rated Uber and DoorDash Sector Outperform with price targets of
$100 and
$275, respectively, while giving Lyft a Sector Perform rating and a
$17 target.
Schindler said the markets remain attractive and are benefiting from a long-term shift toward convenience and away from private vehicle ownership. He argued that subscription programs such as Uber One and DashPass are becoming a key differentiator, increasing customer loyalty, reducing churn and supporting margins through recurring revenue and high-margin advertising.
On autonomous vehicles, Schindler views the issue primarily as a capital-allocation question. He argued that digital marketplaces can adjust supply to variable demand more efficiently than companies that own fixed vehicle fleets.
$UBER $DASH $LYFT $AMZN