Truist analyst Youssef Squali keeps a Buy rating and $150 price target on DoorDash but notes that the Truist Card Data for Q3 quarter-to-date is showing a U.S. marketplace gross order volume that is tracking ahead of the firm’s estimate, reflecting strong resiliency of its consumer. The company’s sustained outperformance in user growth vs. Delivery peers in the U.S. also reflects its strong execution and investments in its marketplace, the analyst tells investors in a research note.
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