Wells Fargo has raised its price target for DoorDash Inc. (NASDAQ:DASH) from $239 to $251, according to a note cited by The Fly on January 8. The firm maintained an Equal Weight rating on the stock.
The firm estimates the company's fourth-quarter results will meet expectations. However, first-quarter guidance for Gross Order Value is projected to exceed Street expectations by about 2%.
Wells Fargo also identified cost-related issues that could impact the outlook. It noted that the timing and phasing of technology replatforming expenses might create downside risk to consensus margin expansion expectations in the second half of 2026. This could introduce additional uncertainty around 2027 EBITDA forecasts, supporting the firm's cautious stance.
In contrast, BNP Paribas initiated coverage of DoorDash with an Outperform rating and a price target of $280. As of January 14, over two-thirds of analysts covering the stock rate it Buy, with a consensus one-year median price target upside of 31.4%.
DoorDash operates a logistics platform connecting merchants, consumers, and dashers in the United States and internationally.