DoorDash price target raised to $160 from $145 at JMP Securities

JMP Securities raised the firm’s price target on DoorDash (DASH) to $160 from $145 and keeps an Outperform rating on the shares. JMP believes DoorDash has significant room to expand ad load against competitors, the analyst tells investors in a research note. Compared to Uber Eats (UBER), the benefit of DoorDash’s personalized and more visual UX is likely greater conversion, and the firm now has a greater appreciation for DoorDash’s product and technology teams, which should extend to other verticals.