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DoorDash Inc (NASDAQ:DASH) shares are trading higher Friday morning after Needham reiterated a Buy rating on the stock, arguing that the market's reaction to the company’s recent earnings report was excessive.
What To Know: While Needham analyst Bernie McTernan lowered the price target to $275 from $300 to reflect updated earnings models and the integration of Deliveroo, the firm emphasized that the recent pullback is a distinct “buying opportunity”.
The note highlights that DoorDash lost nearly $30 billion in market cap following the announcement of new investments for 2026, a reaction Needham deems disproportionate given the company’s strong fundamentals.
Needham pointed to DoorDash's third-quarter results as evidence of a “banner year,” noting that total orders accelerated 21% year-over-year while Marketplace Gross Order Value increased 25%.
Read Also: DoorDash Posts Mixed Q3, Plans Investment Of ‘Several Hundred Million Dollars’ In 2026
The analyst argues that the flagged 2026 investments are necessary to sustain this growth trajectory rather than a sign of slowing momentum.
Positive sentiment may also be supported by news that DoorDash is expanding its autonomous delivery partnership with Coco Robotics into Miami, further diversifying its fulfillment capabilities.
Benzinga Edge Rankings: Benzinga Edge data underscores the company’s expansion potential with a standout Growth score of 97.17, despite currently bearish price trends across short, medium and long-term horizons.
DASH Price Action: DoorDash shares were up 4.95% at $204.88 at the time of publication on Friday, according to Benzinga Pro data.
Read Also: Satya Nadella Unveils Microsoft’s 50-Year AI Plan — And A Stark ‘Winner’s Curse’ Warning
By now you're likely curious about how to participate in the market for DoorDash – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of DoorDash, which is trading at $203.46 as of publishing time, $100 would buy you 0.49 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
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Posted In: DASH
