DoorDash price target raised to $140 from $130 at Truist

Truist raised the firm’s price target on DoorDash to $140 from $130 and keeps a Buy rating on the shares. The company reported a “stronger” Q4 and its fundamentals are improving, fueled by growth in users, frequency & order volume, and stronger unit economics yielding record profits, the analyst tells investors in a research note. The stock’s sell-off after hours should be viewed as a buying opportunity, the firm added.