DoorDash Inc. (DASH) PT Lowered to $279 at Goldman Sachs

Goldman Sachs analyst Eric Sheridan lowered the price target on DoorDash Inc. (NASDAQ: DASH) to $279.00 (from $315.00) while maintaining a Buy rating.

The analyst comments "In its Q3’25 earnings report, DASH mgmt. emphasized a number of key themes: 1) the company continues to execute against its broader local commerce strategy with management highlighting growing user engagement, strengthening platform economics, and evolving consumer behavior; 2) Mgmt. gave a framework toward a single integrated global technology platform with incremental investments in 2026; 3) Momentum in Grocery continues to build supported by rising consumer adoption and expanded selection while experimentation in Retail gains traction, with mgmt. drawing a parallel between the Retail segment progress today resembling its grocery positioning in 2020/21; & 4) Mgmt. reiterated its investment & operating philosophy on a multi-year view to drive profit dollar growth. Short term, we expect investor debates to remain focused on the balance between GOV growth and Adj. EBITDA margin as we look to 2026. Longer term, we view DASH as a leading marketplace across multiple product categories with a rising market share dynamic and a global scale to its operations, which should continue to compound profits in the coming years. We reiterate our Buy rating & lower our 12-month PT from $315 to $279 as we adjust our estimates for this earnings report."

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