DoorDash price target raised to $200 from $163 at Barclays

Barclays analyst Ross Sandler raised the firm’s price target on DoorDash (DASH) to $200 from $163 and keeps an Equal Weight rating on the shares post the Q4 report. The company continues to execute “ahead of the field and post healthy growth rates,” the analyst tells investors in a research note. The firm says DoorDash’s premium valuation compared to peers is “fairly wide here, but justified given the strong secular growth, competitive position and overall outlook.”