DoorDash price target raised to $180 from $160 at Cantor Fitzgerald

Cantor Fitzgerald analyst Deepak Mathivanan raised the firm’s price target on DoorDash (DASH) to $180 from $160 and keeps an Overweight rating on the shares. DoorDash’s Marketplace GOV and EBITDA were above Street estimates by 1% and 4%, respectively, guiding Q4 GOV growth at 19% year over year at the high end, implying modest deceleration from current levels, the analyst tells investors in a research note. DoorDash remains one of the firm’s top picks in Global Internet.