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DoorDash price target raised to $225 from $220 at Benchmark

Benchmark analyst Mark Zgutowicz raised the firm’s price target on DoorDash (DASH) to $225 from $220 and keeps a Buy rating on the shares. Affordability is “the new buzzword in delivery,” but the end goal for DoorDash is the same, “ignore optics and drive EBITDA dollar growth with any/all affordability options,” the analyst tells investors. The firm cites “modestly increased forward profitability” for its price target increase after earnings. Separately, the firm looks “favorably” on the new international geo exposure and additional scale Deliveroo brings to existing Wolt operations and awaits more strategic plans for integration and eventual go-to-market of SevenRooms software solutions, the analyst tells investors.

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