BNP Paribas initiated coverage of DoorDash (DASH) with an Outperform rating and $280 price target The firm views DoorDash as a “key player” in food delivery. While the stock’s valuation is “elevated,” DoorDash should benefit from continued execution, the analyst tells investors in a research note. BNP believes the company is increasing frequency in the U.S., expanding internationally, and expanding margins.
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