Bernstein analyst Nikhil Devnani raised the firm’s price target on DoorDash (DASH) to $210 from $175 and keeps an Outperform rating on the shares given its long-term earnings potential and being 10% ahead of consensus on EBITDA by 2027. Admittedly, there’s less room for the multiple to expand now, but it’s also not so different to where the stock traded a year ago on a growth adjusted basis, the firm adds.
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