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DoorDash price target raised to $230 from $225 at Needham

Needham raised the firm’s price target on DoorDash (DASH) to $230 from $225 and keeps a Buy rating on the shares. The firm is positive on the company’s two acquisitions announced with its earnings – Deliveroo and SevenRooms, with the former seen as a total addressable market expander and the latter adding to the capabilities of their commerce platform, the analyst tells investors in a research note.

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