DoorDash price target lowered to $270 from $285 at Bernstein

Bernstein lowered the firm’s price target on DoorDash (DASH) to $270 from $285 and keeps an Outperform rating on the shares. The firm highlights a solid, albeit not perfect, print that keeps the thesis and core estimates intact with the company largely walking investors to the desired profitability outcome for the year. Bigger picture, Bernstein walks away believing DoorDash has a long runway for growth, and that reinvestment is in the company’s DNA.