DoorDash price target raised to $330 from $300 at Morgan Stanley

Morgan Stanley raised the firm’s price target on DoorDash (DASH) to $330 from $300 and keeps an Overweight rating on the shares. With GenAI “winner and loser” narratives swirling heading into Q3 EPS from the internet group, the firm is focused on revisions and evidence of GPU enabled revenue/return to “trump narratives and drive performance,” says the analyst, who is “most constructive” on Meta (META), DoorDash, Unity (U) and eBay (EBAY) into Q3 reporting.