As previously reported, Roth MKM analyst Rohit Kulkarni initiated coverage of DoorDash (DASH) with a Neutral rating and $72 price target. The company is a market share leader that’s growing faster and demonstrating higher profitability relative to Uber (UBER), but given the potential near-term softness in consumer spending, the risk-reward on the stock looks "balanced", the analyst tells investors in a research note.
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Published first on TheFly
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