DoorDash price target raised to $113 from $100 at JMP Securities

JMP Securities raised the firm’s price target on DoorDash to $113 from $100 and keeps an Outperform rating on the shares. DoorDash’s Q3 results were strong, with GOV coming in 4% ahead of consensus and EBITDA $74M above the high end of guidance, the analyst tells investors in a research note. With a near-term catalyst around improving profitability, JMP remains a buyer of shares and believes numbers and multiples can move higher.