Needham raised the firm’s price target on DoorDash (DASH) to $180 from $145 and keeps a Buy rating on the shares after its Q3 earnings beat. The company continues to show strong execution with FY24 shaping up to be a third consecutive year of driving 20% bookings growth, the analyst tells investors in a research note. Frequency gains from incremental product improvements continues to be a significant value driver for the company, along with benefits from consumer wallet share going towards the convenience economy, the firm added.
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