DoorDash soars on strong outlook; Piper Sandler lifts target price

** Shares of DoorDash DASH.O rise almost 9% to $282.19 premarket

** Forecasts Q3 gross merchandise value between $24.2-24.7 bln vs estimates of $23.73 bln, according to data compiled by LSEG

** Piper Sandler raises PT to $290 from $210; maintains "neutral" rating

** Cites management execution and rising demand for DoorDash’s core offerings

** DASH appears to be having success with adding new customers and driving order frequency via rising selection and DashPass growth - Piper Sandler

** On average, DASH rated "buy" by 42 analysts; median PT is $260 - data compiled by LSEG

** YTD, as of last close, DASH up nearly 54%