DoorDash price target raised to $225 from $200 at JMP Securities

JMP Securities raised the firm’s price target on DoorDash (DASH) to $225 from $200 and keeps an Outperform rating on the shares. DoorDash reported strong Q4 results, with orders growth up 1 point to 19% year over year and EBITDA near the high end of guidance, showing persistent top-line growth while compounding EBITDA, the analyst tells investors in a research note. The firm believes DoorDash has years of compounding EBITDA ahead as the firm thinks it under-earns across advertising, new verticals, and international.