On CNBC’s “Fast Money Halftime Report,” Joe Terranova discussed DoorDash’s NYSEDASH valuation and gave an alternative investment. Pete Najarian also gave his thoughts on some high-flying stocks.
DoorDash’s valuation is currently indicated at half of McDonald’s MCD 0.11%, according to Terranova. He sees the valuation as too lofty, and would rather look at Airbnb NASDAQ: ABNB.
Pete Najarian is also wary of recent high-flying stocks.
“No doubt in my mind that these high flyers will see demand wane,” said Najarian, hinting at companies such as Peloton PTON 1.48%, Snowflake SNOW 4.4% and DoorDash.
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