BTIG raised the firm’s price target on DoorDash (DASH) to $200 from $175 and keeps a Buy rating on the shares. The firm’s tracking points to stable gross order volume growth this quarter, implying the company should produce at the high-end of its guide, the analyst tells investors in a research note. BTIG adds that the growth-adjusted valuation on DoorDash shares is reasonable relative to large cap consumer-facing Internet.
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