Goldman Sachs lowered the firm’s price target on DoorDash (DASH) to $279 from $315 and keeps a Buy rating on the shares. DoorDash’s Q3 report highlighted steady execution of its local commerce strategy, supported by growing user engagement, stronger platform economics, and expanding grocery and retail momentum, the analyst tells investors in a research note. Management outlined plans for a unified global technology platform and continued disciplined investment to drive long-term profit growth, Goldman says.
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