DoorDash price target lowered to $200 from $205 at Roth Capital

Roth Capital analyst Rohit Kulkarni lowered the firm’s price target on DoorDash (DASH) to $200 from $205 and keeps a Neutral rating on the shares. The company reported a clean beat Q4 but provided “mixed bag” Q1 guide with Marketplace Gross Order Volume in-line and EBITDA below expectations, the analyst tells investors in a research note. DoorDash management also highlighted that while marketplace investments would weigh on first-half margins, second-half margins would benefit from positive Grocery unit economics, Roth adds.