DASH rises 2.84% following Jefferies' Buy rating and plans for AI-powered expansion

Jefferies Upgrades DoorDash to Bullish Rating
On November 19, 2025,

analyst John Colantuoni shifted his rating on (DASH) from 'Hold' to 'Buy', and increased the price target from $220 to $260. This decision is based on the firm’s view that DoorDash’s updated 2026 forecast—though lower than earlier projections—gives the company more room to make long-term investments. This added flexibility is expected to drive future growth in both earnings and revenue. Jefferies projects that DoorDash will achieve around $17.87 billion in revenue and $6.32 in earnings per share (EPS) for the full year 2026.

Q3 2025 Results Surpass Projections
In its latest Q3 2025 financial results, DoorDash reported net sales of $3.45 billion, marking a 27.35% increase from the previous year and beating estimates by $89.10 million. The company also posted an EPS of $1.28, topping its guidance by $0.03. These results highlight DoorDash’s strong momentum in the highly competitive on-demand delivery industry.

AI-Driven Platform Set to Boost Efficiency for the Long Term
Central to DoorDash’s strategy is a multi-million-dollar investment in a new global technology platform, scheduled for launch in 2026. This platform will integrate the company’s technology infrastructure worldwide and is designed to be AI-native, supporting faster feature deployment and greater operational efficiency. The AI-powered system aims to simplify operations, speed up product innovation, and deliver sustainable cost reductions.

Order Volume and Partnerships Enhance Competitive Edge
During Q3 2025, DoorDash’s total orders climbed 21% year-over-year to reach 776 million. This increase is credited to effective customer acquisition, a growing number of monthly active users (MAUs), and the popularity of membership offerings like DashPass and Wolt+. The company is also expanding its network of merchant partners—including large grocery chains such as Kroger and local shops—and is piloting autonomous delivery with Waymo in Phoenix. These efforts are expected to further boost order volumes and reinforce DoorDash’s leadership in the delivery market.

Improved Conditions for Australian Delivery Workers
In a significant development, DoorDash and Uber Eats have agreed to raise pay for delivery workers in Australia by 25%, bringing hourly wages up to $20.19. Pending approval from the Fair Work Commission, the agreement also provides accident insurance and greater transparency about delivery jobs. This move reflects DoorDash’s dedication to enhancing worker conditions and staying aligned with changing labor regulations.

Analysts Highlight AI and Flexibility as Growth Catalysts
With a solid financial foundation—including a three-year revenue growth rate of 19.8%, a gross margin of 50.49%, and a debt-to-equity ratio of 0.34—DoorDash is well-equipped to pursue its long-term objectives. Analysts point to the company’s AI-focused platform, strategic investments, and success in attracting new users as major advantages in a fast-changing industry. The recent upgrade from Jefferies and strong operational performance reflect increasing optimism about DoorDash’s future value creation.