DoorDash price target raised to $155 from $140 at Deutsche Bank

Deutsche Bank raised the firm’s price target on DoorDash (DASH) to $155 from $140 and keeps a Buy rating on the shares ahead of the Q1 report. Data checks suggest upside to Q1 order value numbers and resilient growth into Q2, suggesting a guidance beat, the anlayst tells investors in a research note. The firm says conservative incremental margin assumptions should drive a Q1 adjusted EBITDA beat and Q2 guidance that comes in ahead of Street estimates. Deutsche believes DoorDash exited the Q1 with its highs U.S. share versus Uber (UBER) in over two years. The company “has firmly entered a bucket of the quality growth compounders stock bucket,” says the firm.