DA Davidson Lowers DoorDash Price Target, Cites Valuation as Key Constraint
DA Davidson trimmed its 12-month price target for DoorDash Inc. to $224 from $260 while retaining a Neutral rating following fourth-quarter results that narrowly topped expectations. The firm pointed to strong execution in the U.S. restaurant marketplace and progress in newer verticals, but said the stock's current valuation limits upside despite r…