DoorDash price target lowered to $198 from $221 at Wells Fargo

Wells Fargo lowered the firm’s price target on DoorDash (DASH) to $198 from $221 and keeps an Equal Weight rating on the shares. The firm sees healthy underlying fundamentals offset by near-term headwinds on fuel costs/weather and lack of clarity on investment pace in 2027 and beyond. With the stock down year-to-date, Wells sees an attractive entry opportunity for investors with longer duration.