DoorDash price target raised to $235 from $180 at Oppenheimer

Oppenheimer raised the firm’s price target on DoorDash (DASH) to $235 from $180 and keeps an Outperform rating on the shares on slightly lower EBITDA but higher GB as consumer demand remains strong. The firm notes Q1 guide reflects 3-point slowdown, with leap day and FX each 100bps, implying 20% organic growth vs. Q4’s +21%. Given DoorDash’s historical GB outperformance vs. guidance, investors likely assuming a stable or even accelerating underlying growth trends, Oppenheimer adds.