DoorDash price target lowered to $280 from $315 at BTIG

BTIG analyst Jake Fuller lowered the firm’s price target on DoorDash (DASH) to $280 from $315 and keeps a Buy rating on the shares ahead of its Q1 results. The Street has margin bottoming in Q1, but weather, gas subsidies and a penchant for investment could be headwinds to Q2 guide and out-year profit estimates, with the risk more pronounced for DoorDash than the rest of the group, the analyst tells investors in a research note.