DoorDash stock surges toward a record, after BofA analyst raises target to a Street high $255
Marketwatch -

Shares of DoorDash Inc. ran up 5.5% in midday trading Thursday, putting them on track for a record close, after BofA Securities analyst Michael McGovern turned bullish, saying the food-delivery app is succeeding in a growing market for non-restaurant deliveries. McGovern raised his rating to buy from neutral, and boosted his price target to $255 from $190. The new target is now the highest of the 21 analysts surveyed by FactSet. "We expect non-restaurant ordering to help mitigate much of the...

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