BMO Capital analyst Brian Pitz raised the firm’s price target on DoorDash (DASH) to $288 from $238 and keeps an Outperform rating on the shares. The company delivered a strong Q2 as a 3% Gross Order Value – GOV – beat drove upside on Revenue and adjusted EBITDA, the analyst tells investors in a research note. DoorDash’s new verticals also continue to expand, as both Order frequency and unit economics for new verticals continue to improve, the firm added.
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