DoorDash price target raised to $325 from $295 at KeyBanc

KeyBanc analyst Justin Patterson raised the firm’s price target on DoorDash (DASH) to $325 from $295 and keeps an Overweight rating on the shares. The firm believes DoorDash’s focus on improving the consumer experience, expanding merchants, and reducing average delivery times is creating a flywheel that drove better than expected Q2 results and guidance. While KeyBanc expects DoorDash to reinvest some of this upside, it believes this should drive at least high-teens revenue growth into 2027. The firm views DoorDash as a category leader with improving economics.