DoorDash price target raised to $350 from $300 at Rothschild & Co Redburn

Rothschild & Co Redburn raised the firm’s price target on DoorDash (DASH) to $350 from $300 and keeps a Buy rating on the shares. The company’s growth in the next decade will be driven more by penetration of its existing U.S. restaurant base than by new verticals, the analyst tells investors in a research note. The firm believes DoorDash’s push into in-store restaurant technology “unlocks a total addressable market twice the size of retail, with structurally higher margins and a wider moat.” Rothschild expects a full U.S. rollout of DoorDash’s in-store restaurant technology in 2026 and sees this business generating over time profit dollars that are worth three-times the company’s entire 2025 contribution profit.