Doordash delivers gains as Jefferies ups the order to 'buy'

DoorDash

19/11/2025 10:40

** Shares in delivery platform DoorDash DASH.O up ~3% at $218.1 in premarket trading

** Jefferies upgrades stock to "buy" from "hold"; raises PT to $260 from $220

** Brokerage says recent expectations reset gives DASH flexibility for long-term investments and upside to consensus

** Notes faster growth in U.S. restaurant delivery and advertising revenue as key margin drivers

** Earlier this month, DoorDash posted Q3 profit below estimates and flagged plans to spend several hundred million dollars more in 2026 on new initiatives amid rising costs

** Average rating is "buy"; median PT is $280 - data compiled by LSEG

   **  Up to last close, stock had risen ~26.5% so far this year

 (Reporting by Rashika Singh in Bengaluru)

 ((Rashika.Singh@thomsonreuters.com;))