KeyBanc lowered the firm’s price target on DoorDash (DASH) to $275 from $280 and keeps an Overweight rating on the shares. The firm’s latest Mobility and Delivery Survey highlighted improving adoption rates across ridesharing, food delivery, and grocery delivery, causing us to raise 2026E EBITDA across the group. DoorDash continues to gain material share in food and grocery delivery, while quickly increasing DashPass subscribers, KeyBanc says. Net, it views this as a favorable backdrop across its coverage universe but is adjusting its price target to reflect broader conservatism.
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