Wells Fargo lowered the firm’s price target on DoorDash (DASH) to $301 from $306 and keeps an Overweight rating on the shares. The firm is incorporating the Deliveroo acquisition into estimates and expecting a Q3 within guidance. Commentary on plans to invest in Deliveroo to accelerate growth and any commentary on Amazon (AMZN) plans to accelerate grocery delivery results are the most critical, Wells adds.
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