DoorDash initiated with a Buy at TD Cowen

TD Cowen analyst John Blackledge initiated coverage of DoorDash (DASH) with a Buy rating and $225 price target The firm says the company’s leadership position in the U.S., expanding international presence, growing grocery and retail mix, and emerging advertising and commerce offerings will support sustained growth and rising profitability. It forecasts 20% annual revenue growth and 27% adjusted EBITDA growth for DoorDash through 2030.