KeyBanc Maintains Overweight Rating on DoorDash (DASH) While Raising 2026 EBITDA Estimates

Core Viewpoint - DoorDash Inc. is identified as one of the best US stocks to buy and hold in 2026, with a favorable industry environment and growth potential despite a conservative valuation approach [1][2]. Group 1: Price Target Adjustments - KeyBanc lowered its price target on DoorDash to $275 from $280 while maintaining an Overweight rating, reflecting a conservative valuation approach despite raising 2026 EBITDA estimates for the mobility and delivery sector [1][2]. - BNP Paribas initiated coverage of DoorDash with an Outperform rating and a $280 price target, recognizing the company's elevated valuation but strong growth potential [3]. Group 2: Market Position and Growth Factors - DoorDash is successfully capturing market share in both food and grocery delivery, while also expanding its DashPass subscriber base [2]. - The optimistic outlook for DoorDash is supported by increasing order frequency among US users, successful international expansion, and steady improvement in profit margins [3]. Group 3: Company Overview - DoorDash operates a commerce platform that connects merchants, consumers, and independent contractors in the US and internationally [4].