BMO Capital analyst Brian Pitz raised the firm’s price target on DoorDash (DASH) to $240 from $180 and keeps an Outperform rating on the shares. The company’s Q4 gross bookings topped estimates amid broadening selection across categories, improving order frequency, and higher monthly active users, the analyst tells investors in a research note. BMO also sees higher MAUs and order velocity as third-party platform tailwinds continue, the firm adds.
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