DoorDash price target raised to $280 from $239 at Wells Fargo

Wells Fargo raised the firm’s price target on DoorDash (DASH) to $280 from $239 and keeps an Equal Weight rating on the shares. The firm says that it is “quite rare” to see a company pacing at a nearly $100B GOV run rate post an across-the-board acceleration quarter. Q3 guide suggests continued strength, Wells notes, highlighting “exceptional execution.” At times the consensus call is the right one, as it has been with DoorDash, the firm adds.