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Key Takeaways From Raymond James’ Initiation On DoorDash

Raymond James analyst Aaron Kessler initiated coverage on DoorDash, Inc (NYSE: DASH) with a Market Perform rating with no price target. Kessler saw a large total addressable market for food delivery. DoorDash has established itself as the leading food delivery platform in the U.S. with a 50% plus market share, Kessler noted. DoorDash offered significant value for its three constituents, including merchants, consumers, and Dashers, observed Kessler. Kessler expected ~15% long-term revenue growth

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