DoorDash price target lowered to $255 from $320 at Mizuho

Mizuho lowered the firm’s price target on DoorDash (DASH) to $255 from $320 and keeps an Outperform rating on the shares. The firm updated the company’s model post earnings. It cites peer group multiple contraction for the target cut. DoorDash’s recent pullback, driven its outlook for investment and generative AI disintermediation fears, brings an attractive entry opportunity for long-term investors, the analyst tells investors in a research note.