BofA raised the firm’s price target on DoorDash (DASH) to $325 from $285 and keeps a Buy rating on the shares following a “beat & raise quarter.” The firm found basket size growth to be “particularly strong” this quarter and views this as a positive signal, with larger-basket grocery and convenience “catching on” with product improvements. Following the report, the firm is raising its gross order volume and EBITDA estimates through 2027.
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