Wedbush analyst Scott Devitt raised the firm’s price target on DoorDash (DASH) to $200 from $190 and keeps an Outperform rating on the shares. The firm notes Doordash reported encouraging Q1 results with GOV growth and adjusted EBITDA slightly above expectations. Despite ongoing macro uncertainty in the U.S., Wedbush is encouraged by the growth trajectory for the full year implied by the strength of the Q2 GOV guide.
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