Benchmark analyst Mark Zgutowicz raised the firm’s price target on DoorDash (DASH) to $220 from $180 and keeps a Buy rating on the shares ahead of the company reporting Q4 earnings tonight. Considering that DoorDash’s grocery volumes have historically indexed towards enterprise-type merchants, the firm believes continued regional grocery supply adds provides visibility into sustained supply benefits to DoorDash as it extends its regional grocer presence, the analyst tells investors in a preview.
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