Stifel analyst Mark Kelley raised the firm’s price target on DoorDash (DASH) to $239 from $214 and keeps a Hold rating on the shares. Q2 top-line results came in ahead of expectations and the Q3 guidance was also stronger, with gross order volume expectations 3% ahead of the Street view, the analyst tells investors. While “encouraged” by the current trends for the core delivery business, paired with the company’s scaled advertising platform, the firm remain on the sidelines due to valuation.
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