Raymond James upgraded DoorDash (DASH) to Strong Buy from Outperform with a price target of $260, up from $215. The firm believes the synergy potential with Deliveroo is underappreciated at current share levels, forecasting mid-teens EBITDA accretion in 2026 and high-teens in 2027. It sees an “attractive $260 target price scenario” with a $350 per share bull case, due to “untapped” Deliveroo synergies, a “seemingly growing emphasis” on advertising, consistent execution, and eventual autonomous tailwinds.
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