7/102 sources · 2 publishersUpdated Oct 30, 10:46 UTC
Needham cuts DoorDash price target to $235 amid regulatory uncertainty over CART deal
Needham lowered its price target for DoorDash Inc. to $235 from $265 while keeping a Buy rating, citing the Department of Justice's pending review of the company's CART acquisition. The analyst noted that the regulatory outcome could pressure the stock's valuation multiple. DoorDash reported third‑quarter 2026 earnings of $1.06 per share and revenue of $4.61 billion, beating estimates.
Why it matters
The reduced target signals that analysts see heightened regulatory risk, which may limit upside for investors until approval is secured. The lower target also narrows the price upside from the current $179 level.
Key facts
- 1Needham cut DoorDash's price target to $235 from $265. investing.com
- 2Needham kept a Buy rating on DoorDash. investing.com
- 3The change reflects regulatory uncertainty surrounding the CART acquisition. investing.com
- 4DoorDash's stock was trading at $179 at the time of the note. investing.com
- 5DoorDash reported Q3 2026 earnings of $1.06 per share. investing.com
- 6DoorDash reported Q3 2026 revenue of $4.61 billion. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.