DoorDash price target raised to $260 from $190 at DA Davidson

DA Davidson analyst Tom White raised the firm’s price target on DoorDash (DASH) to $260 from $190 and keeps a Neutral rating on the shares. The firm is updating its model on the stock following the company’s Q2 results last month. The U.S. marketplace in Q2 saw growth in Total Orders having accelerated, with notable strength in the U.S. restaurant category, while strong growth in DashPass membership contributed to a y/y increase in average order frequency, which reached an all-time high in the quarter, the analyst tells investors in a research note.