DoorDash price target lowered to $145 from $155 at Truist

Truist lowered the firm’s price target on DoorDash to $145 from $155 but keeps a Buy rating on the shares. The firm remains constructive on the company following its strong Q1 results and Q2 guide that bracketed consensus, the analyst tells investors in a research note. DoorDash ‘s underlying fundamentals are improving, evidenced by positive user growth and record order frequency, and Truist remains “aggressive buyer” following the post-earnings sell-off attributable to an in-line guide for a company that has typically beat and raised, the firm adds.