Wells Fargo & Company Issues Pessimistic Forecast for DoorDash (NASDAQ:DASH) Stock Price

Key Points

• Wells Fargo cut DoorDash’s price target from $230 to $200 and maintained an “equal weight” rating, implying about 10.4% upside from the prior close.
• Analyst sentiment remains broadly positive: DoorDash has a consensus “Moderate Buy” rating and an average target of $250.83, despite mixed revisions from firms including Barclays and Goldman Sachs.
• DoorDash reported strong quarterly results, with EPS of $1.06 beating estimates and revenue rising 34% year over year to $4.62 billion. However, its proposed $17 billion Instacart acquisition faces significant regulatory scrutiny and a potentially lengthy closing process.

DoorDash (NASDAQ:DASH - Get Free Report) had its price objective dropped by Wells Fargo & Company from $230.00 to $200.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective suggests a potential upside of 10.41% from the stock's previous close.

DASH has been the subject of a number of other research reports. Citigroup reiterated a "market outperform" rating on shares of DoorDash in a research report on Friday. Mizuho set a $255.00 target price on shares of DoorDash in a report on Friday. The Goldman Sachs Group decreased their target price on shares of DoorDash from $280.00 to $275.00 in a report on Thursday, August 6th. Moffett Nathanson dropped their target price on shares of DoorDash from $280.00 to $278.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Finally, Jefferies Financial Group boosted their price target on shares of DoorDash from $225.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $250.83.

DoorDash Price Performance

NASDAQ:DASH traded up $2.14 during midday trading on Friday, hitting $181.14. 5,287,600 shares of the stock were exchanged, compared to its average volume of 4,612,392. DoorDash has a one year low of $143.30 and a one year high of $260.74. The company has a market capitalization of $78.49 billion, a price-to-earnings ratio of 94.65 and a beta of 1.90. The business has a 50-day moving average price of $198.71 and a two-hundred day moving average price of $183.29. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.25. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The business had revenue of $4.62 billion during the quarter, compared to analysts' expectations of $4.56 billion. During the same quarter last year, the business posted $0.55 earnings per share. The company's quarterly revenue was up 34.0% on a year-over-year basis. Sell-side analysts predict that DoorDash will post 2.51 EPS for the current year.

Insider Buying and Selling

In other DoorDash news, Director Stanley Tang sold 23,125 shares of the business's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $186.19, for a total value of $4,305,643.75. Following the transaction, the director owned 10,361 shares in the company, valued at $1,929,114.59. The trade was a 69.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 1,017 shares of the company's stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $195.00, for a total value of $198,315.00. Following the completion of the transaction, the chief financial officer directly owned 217,911 shares in the company, valued at approximately $42,492,645. The trade was a 0.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 393,998 shares of company stock worth $85,861,330. Insiders own 44.90% of the company's stock.

Institutional Investors Weigh In On DoorDash

Large investors have recently made changes to their positions in the company. JCP Investment Management LLC acquired a new stake in DoorDash in the 1st quarter valued at approximately $991,000. Plato Investment Management Ltd acquired a new position in shares of DoorDash during the second quarter worth approximately $1,024,000. Godsey & Gibb Inc. lifted its holdings in shares of DoorDash by 1,510,137.1% during the third quarter. Godsey & Gibb Inc. now owns 528,583 shares of the company's stock worth $97,021,000 after buying an additional 528,548 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of DoorDash by 4.9% in the first quarter. Quantinno Capital Management LP now owns 655,095 shares of the company's stock valued at $98,363,000 after acquiring an additional 30,881 shares during the period. Finally, Monetta Financial Services Inc. bought a new stake in shares of DoorDash in the second quarter valued at approximately $1,015,000. Institutional investors own 90.64% of the company's stock.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash reported third-quarter EPS of $1.06, beating the $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion and exceeded expectations. The company also cited records for marketplace gross order volume, revenue and net income. DoorDash Third-Quarter 2026 Results
• Positive Sentiment: Wedbush upgraded DASH to “outperform” with a $230 price target, while Truist raised its target to $340 and maintained a “buy” rating. Cantor Fitzgerald also reaffirmed its “overweight” rating with a $240 target. DoorDash Analyst Upgrade
• Positive Sentiment: The Instacart acquisition could broaden DoorDash’s grocery and local-commerce capabilities, improve delivery density and create at least $500 million in targeted operational efficiencies. The combination is intended to strengthen competition with Amazon and Walmart. DoorDash to Acquire Instacart
• Neutral Sentiment: DoorDash said only several hundred orders have been placed by third-party AI agents out of roughly 993 million orders, suggesting that concerns about AI-driven disintermediation have not yet affected its business materially. DoorDash AI Agent Orders
• Negative Sentiment: The Instacart deal is expected to close only in late 2027 or early 2028 and faces likely FTC antitrust scrutiny. Instacart shares trade well below the $65 offer, signaling doubts about approval and highlighting the risk that DoorDash could incur financing and integration costs without completing the transaction. DoorDash Instacart Regulatory Risks
• Negative Sentiment: Barclays lowered its DASH price target from $230 to $205 and shifted to an “equal weight” rating, reflecting a more cautious view despite the remaining implied upside. Barclays DoorDash Price Target

DoorDash Company Profile

DoorDash, Inc NASDAQ: DASH operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.

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