DA Davidson analyst Tom White raised the firm’s price target on DoorDash (DASH) to $190 from $150 and keeps a Neutral rating on the shares. The company reported solid Q1 results with gross order value coming in about 1% ahead of consensus and adjusted EBITDA effectively inline at $590M, the analyst tells investors in a research note. Expectations of higher second-half take-rate are driven by the leveraging of the benefits of increased Dasher supply, improving unit economics, and a growing contribution from Ads, the firm adds.
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