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Citi says buy DoorDash after S&P 500 addition

Citi analyst Ronald Josey keeps a Buy rating on DoorDash (DASH) with a $240 price target after the company was added to the S&P 500 Index. Given multiple the company’s “multiple” growth opportunities, improving profitability profile, and with the shares -down 10% since February 28, Citi would take advantage of the recent “dislocation,” the analyst tells investors in a research note.

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