Citi raised the firm’s price target on DoorDash (DASH) to $240 from $211 and keeps a Buy rating on the shares. The firm emerges from DoorDash’s Q4 results “incrementally positive” on the shares. With 42M monthly active users, DashPass and Wolt+ subscribers reaching 22M, increased selection, and newer cohorts more engaged versus pre-COVID cohorts, DoorDash can deliver continued order growth across more products, verticals, and services, the analyst tells investors in a research note. Citi says the shares remain a top pick across the internet sector.
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