DoorDash price target raised to $65 from $55 at Jefferies

Jefferies analyst John Colantuoni raised the firm’s price target on DoorDash to $65 from $55 and keeps an Underperform rating on the shares. Underlying demand trends suggest most internet names are well-positioned to deliver upside to consensus, says the analyst, who is “most constructive” on Delivery and Mobility into Q2. The firm is “mixed” on internet Travel and “cautious” on e-commerce as growth “remains underwhelming despite some recent signs of improvement,” the analyst added in a internet group preview note.