DoorDash price target lowered to $305 from $325 at BofA

BofA lowered the firm’s price target on DoorDash (DASH) to $305 from $325 and keeps a Buy rating on the shares. While “strong” Q3 results suggest growing network effects, shares were down 9% in after-hours trading as the the company’s large tech investments were a surprise while the Deliveroo profit contribution was below expectations, the analyst tells investors. However, DoorDash is transitioning to a global company and the firm believes the investments are “ultimately well-founded as they position Dash for longer-term efficiencies at a much larger scale,” the analyst added. For 2026, the firm raised its GOV and revenue growth estimates by 3% and 2%, respectively, and lowered its EBITDA view by 10%.