Benzinga | Dec 9, 2020 12:54PM EST

DoorDash's Valuation Is Too Lofty, Joe Terranova Says

On CNBC's "Fast Money Halftime Report," Joe Terranova discussed DoorDash's (NYSE:DASH) 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 (NYSE:MCD), 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 (NASDAQ:PTON), Snowflake (NYSE:SNOW) and DoorDash.