DoorDash price target raised to $70 from $60 at Barclays

Barclays raised the firm’s price target on DoorDash to $70 from $60 and keeps an Equal Weight rating on the shares post the Q4 results. DoorDash continues to perform very well against a challenging macro backdrop and a rationalizing competitive backdrop in the food delivery industry is helping the company significantly outpace its peers, the analyst tells investors in a research note.