DoorDash shares rise on $3.8 billion Deliveroo deal
Raymond James upgraded DoorDash to 'strong buy' with a $260 target, citing synergies from its $3.8 billion Deliveroo deal. The firm sees 2026-27 EBITDA accretion and ad growth potential, calling current market estimates underappreciated. DASH shares are up 37.3% YTD; and retail sentiment shifted to neutral.