DoorDash price target raised to $201 from $198 at Wells Fargo

Wells Fargo analyst Ken Gawrelski raised the firm’s price target on DoorDash (DASH) to $201 from $198 and keeps an Equal Weight rating on the shares. The firm says that it is still potentially early in a weakening consumer macro environment, but thus far it again sees resilience from restaurant delivery. Modest increases to Wells’ Q1/Q2 estimates, DoorDash stands out amongst mostly negative revisions in the Internet group, it adds.