Mizuho raised the firm’s price target on DoorDash (DASH) to $222 from $200 and keeps an Outperform rating on the shares. The company reported a strong quarter, with above consensus dollar value of orders guidance and indications that leads to upside in fiscal 2025 EBITDA, the analyst tells investors in a research note. The firm continues to believe DoorDash’s strong GOV execution is a positive leading indicator for operating leverage with “under-penetrated opportunities” in U.S. restaurants, grocery and retail, and international markets.
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