DoorDash price target raised to $180 from $173 at Benchmark

Benchmark raised the firm’s price target on DoorDash (DASH) to $180 from $173 and keeps a Buy rating on the shares. The raised its Q4 gross order volume, or GOV, estimate by 2%, near the high-end of guidance, reflecting “strong” year-over-year same-store-sales growth within Marketplace in addition to attracting a “large number” of new merchants across restaurant and new vertical categories, while also raising its FY25 GOV view by 2%, the analyst tells investors in a post-earnings note.