Oppenheimer raised the firm’s price target on DoorDash (DASH) to $150 from $140 and keeps an Outperform rating on the shares. The firm believes DoorDash is positioned to continue benefiting from Uber‘s (UBER) increased focus on profitability vs. UCAN market share. However, DoorDash could see a ceiling on growth without a larger grocery business, Oppenheimer says.
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