DoorDash price target lowered to $276 from $279 at MoffettNathanson

MoffettNathanson lowered the firm’s price target on DoorDash (DASH) to $276 from $279 and keeps a Buy rating on the shares. The analyst calls the risk reward for DoorDash to be “the most attractive of our coverage universe” and believes the growth outlook and valuation will appear increasingly attractive, despite acknowledging that investors “understandably struggle with a lack of near-term catalyst for the DoorDash story.”