DoorDash price target raised to $108 from $96 at JPMorgan

JPMorgan raised the firm’s price target on DoorDash to $108 from $96 and keeps a Neutral rating on the shares. The company’s Q4 results included volumes ahead of the high end of the guide, but EBITDA came in within the range, the analyst tells investors in a research note. The firm remains positive on the prospects of stable core U.S. growth but believes expectations were elevated coming into the print.