DoorDash price target raised to $280 from $200 at Wedbush

Wedbush analyst Scott Devitt raised the firm’s price target on DoorDash (DASH) to $280 from $200 and keeps a Neutral rating on the shares. The firm notes DoorDash reported encouraging Q2 results with GOV growth and adjusted EBITDA above expectations. Notably, management anticipates the platform will be a volume share leader across new verticals within the next year, Wedbush says.