DoorDash price target raised to $260 from $210 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on DoorDash (DASH) to $260 from $210 and keeps an Overweight rating on the shares. As DoorDash reaches its seven-year anniversary of DashPass in the next few months, the company has “accumulated significant pricing power in its core membership program over the last few years,” the analyst tells investors in a research note. The firm says DashPass ranks at the top among leading membership programs. Cantor continues to see “several paths for upside” to Street fiscal 2026 volume and EBITDA forecasts, including sustained unit economics improvements and ad revenue growth for DoorDash.