DoorDash price target raised to $193 from $165 at Roth MKM

Roth MKM raised the firm’s price target on DoorDash (DASH) to $193 from $165 and keeps a Neutral rating on the shares. The company’s Q4 gross order value – GOV – and Q1 GOV outlook came above expectations, but Q4 EBITDA and Q1 EBITDA outlook came in below, implying rising cost of maintaining premium growth, the analyst tells investors in a research note. While the firm has a positive bias on the stock, it also remains at neutral due to “stretched growth-adjusted valuation”, Roth added.