Roth MKM starts DoorDash at Neutral, sees balanced risk-reward on consumer spend

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.