BUZZ-Wells Fargo raises DoorDash PT on healthy growth outlook

Reuters01-08

BUZZ-<a href="https://laohu8.com/S/EOD">Wells Fargo</a> raises DoorDash PT on healthy growth outlook

** Wells Fargo raises PT on online food delivery platform DoorDash DASH.O to $251 from $239

** New PT represents 8.8% upside to stock's last close

** Brokerage says growth outlook remains healthy in a stable competitive environment

** Shift towards grocery, European expansion after the Deliveroo deal and continued investment to support growth could lead to a wider range of EBITDA growth outcomes through 2026, brokerage says

** 35 of 46 brokerages rate the stock "buy" or "higher", 11 "hold"; their median PT is $280 - LSEG

** Including session's move, DASH up 29.5% in the last 12 months

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

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