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DoorDash’s Valuation Is Too Lofty, Joe Terranova Says

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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