These Analysts Slash Their Forecasts On DoorDash Following Q3 Results

Core Insights - DoorDash Inc reported mixed third-quarter financial results, with earnings of 55 cents per share, missing the consensus estimate of 68 cents by 19.24%, while quarterly revenue reached $3.44 billion, surpassing the analyst consensus estimate of $3.35 billion [1][2]. Financial Performance - In Q3 2025, DoorDash generated nearly $24 billion in combined sales for merchants and earnings for Dashers, with expectations to exceed $100 billion in 2026 [2]. - The company's shares dipped 10% to $214.40 in pre-market trading following the earnings announcement [2]. Analyst Ratings and Price Targets - Following the earnings announcement, analysts adjusted their price targets for DoorDash: - B of A Securities analyst Michael McGovern maintained a Buy rating but lowered the price target from $325 to $305 [6]. - Stifel analyst Mark Kelley maintained a Hold rating and cut the price target from $255 to $253 [6]. - Wedbush analyst Scott Devitt maintained a Neutral rating and reduced the price target from $280 to $260 [6]. - The consensus rating for DoorDash is Buy, with the highest price target at $360.00, the lowest at $193.00, and a consensus price target of $293.53 [4].