BofA raised the firm’s price target on DoorDash (DASH) to $205 from $172 and keeps a Buy rating on the shares after the company announced a partnership with Home Depot (HD) to add more than 2,000 stores nationwide to its platform for on-demand delivery. The firm’s analyst projects $24B in FY26 digital sales for Home Depot and it notes that if 5% of those sales were to shift to DoorDash, that would represent 160 basis points of hypothetical contribution to year-over-year gross order volume growth.
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