Goldman Sachs Adjusts Price Target on DoorDash to $280 From $275

DoorDash (DASH) partners with the Australian Open from 2027, offering food delivery and venue branding. AEG integrates Fundamental's AI tech with LA Galaxy and L.A. LIVE, linking sponsorship rights to AI adoption. The NFL collaborates with AWS for a Big Data Bowl, analyzing game tracking data for draft insights.

New York City reached a $131.5M settlement with DoorDash over late and unpaid wages for 260,000 workers. The case highlights broader issues of worker misclassification and wage theft in the gig economy. DoorDash admitted to mistakes. The settlement underscores the need for stronger worker protections and enforcement, with upcoming midterms offering potential for change.

Guggenheim reiterated a Buy rating on DoorDash (DASH) with a $255 price target, citing strong fundamentals and 34% revenue growth. The firm expects Q3 2026 earnings to refocus investors on 2027 prospects. DoorDash settled a $131.5M wage dispute with NYC. Wells Fargo lowered its target to $230, citing margin concerns, while Citizens and Raymond James remain bullish on innovation and AI potential.

DoorDash (DASH) has partnered with Costco to offer on-demand delivery services across Canada. Costco members can now order groceries and general merchandise for home delivery. The agreement expands DoorDash's retail delivery services beyond restaurants, potentially increasing order volume and spreading fixed costs. DoorDash aims to broaden its offerings and increase engagement beyond takeaway meals. Investors should watch for trends in order frequency and member adoption of DoorDash services.

Uber (UBER) acquired ezCater for $2.3B, while DoorDash (DASH) invested $300M in Wonder. Both companies aim to expand in the competitive food delivery industry. Uber's stock is undervalued by 31% according to GuruFocus, with a GF Score of 83/100. Insiders have bought $15.3M in shares recently.

Uber agreed to acquire ezCater for $2.3B in cash. ezCater booked $2.5B in gross orders over the past year. The deal aims to expand Uber Eats into workplace catering. Uber expects the acquisition to close in coming months, subject to approvals. ezCater's last valuation was $1.6B in 2021.