Jefferies Upgrades DoorDash (DASH) to ‘Buy’ with $260 PT, Cites Investment Flexibility, Long-Term AI Platform Potential

Group 1 - DoorDash Inc. has been upgraded to a "Buy" rating by Jefferies analyst John Colantuoni, with a new price target of $260, up from $220 [1][3] - The company is expected to generate approximately $17.87 billion in revenue for the full year 2026, with an EPS of around $6.32 [2] - In Q3 2025, DoorDash reported net sales of $3.45 billion, reflecting a 27.35% increase and exceeding estimates by $89.10 million, with an EPS of $1.28, which was $0.03 above guidance [2] Group 2 - DoorDash's strategy includes a multi-million-dollar investment in a new global tech platform aimed at unifying its technology stack across markets, making it AI-native to improve operations and product development [3] - The decision to create a single architecture is driven by the need for efficiency and faster global feature rollouts, particularly in light of advancements in AI [3] - The company operates a commerce platform that connects merchants, consumers, and independent contractors both in the US and internationally [4]