Wells Fargo raised the firm’s price target on DoorDash (DASH) to $198 from $166 and keeps an Equal Weight rating on the shares. The firm notes the company reported another strong result, albeit within expectations. Q1 GOV guided nicely ahead, implying potential acceleration, helps DoorDash stand out vs peers, Wells says. Margin progression guide Q1-Q3 eases EBITDA concerns, it adds.
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