Wells Fargo raised the firm’s price target on DoorDash (DASH) to $239 from $198 and keeps an Equal Weight rating on the shares. The firm see Q2 GOV slightly above guidance/consensus, and the company continuing to lean in on marketing to capture robust demand. One of the best compounder stories in the sector, it is now using the balance sheet to supplement growth and strategic position, Wells adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DASH: