KeyBanc raised the firm’s price target on DoorDash (DASH) to $280 from $275 and keeps an Overweight rating on the shares. The firm says that DoorDash’s Q4 report reinforced that underlying Gross Order Volume trends remain strong, and that newer verticals are shifting to profitability. Taken together, KeyBanc believes DoorDash’s investment is offensive in nature and positioning the company for higher GOV growth for longer.
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Read More on DASH:
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