DoorDash upgraded to Buy from Hold at Jefferies

Jefferies analyst John Colantuoni upgraded DoorDash (DASH) to Buy from Hold with a price target of $260, up from $220. The company’s 2026 outlook lowered expectations, which provides “flexibility” for both its long-term investments and upside to consensus estimates, the analyst tells investors in a research note. The firm believes faster growth in U.S. restaurant delivery over the past four quarters warrant a more bullish stance on the growth runway for DoorDash’s most profitable business. It upgraded the shares following the 20% selloff in the past 30 days. Jefferies believes the company’s “strong execution and growth algorithm now appear underappreciated.”