DoorDash price target raised to $230 from $215 at RBC Capital

RBC Capital analyst Brad Erickson raised the firm’s price target on DoorDash (DASH) to $230 from $215 and keeps an Outperform rating on the shares. The company’s Q4 results were “rock solid” and the firm’s bullish thesis on the stock remains, driven by solid growth out of MAUs, frequency, supply and new markets, even as DoorDash is still finding new vertical, geographic, and category white space to re-invest for growth, the analyst tells investors in a research note.