JPMorgan upgraded DoorDash (DASH) to Overweight from Neutral with a price target of $325, up from $175, after reinstating coverage of the name following a period of restriction. DoorDash continues to deliver “industry-leading” growth at scale with improving unit economics, the analyst tells investors in a research note. The firm says Deliveroo is expanding DoorDash’s footprint in Western Europe and the Middle East. JPMorgan believes DoorDash should trade at a premium to Uber.
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