DoorDash price target raised to $200 from $170 at Loop Capital

Loop Capital raised the firm’s price target on DoorDash (DASH) to $200 from $170 and keeps a Buy rating on the shares. Execution at DoorDash continues to be best-in-class, and the company is meaningfully under-earning, the analyst tells investors in a research note. The provision of local commerce is an endlessly complex operational puzzle, and DoorDash has proven itself to be best-in-class at driving continuous incremental improvement, Loop added.