DoorDash shares showed modest signs of stabilization in Friday's premarket trading, rising approximately 0.3% after plunging 8.2% during Thursday's regular session. The stock has declined roughly 26% over the past month.
Analyst Outlook Ahead of Earnings
Bank of America Securities maintained its Buy rating on DoorDash but reduced its price target to $260, down from $305. The adjustment comes ahead of the company's fourth-quarter and full-year 2025 results, scheduled for release after the market closes on Wednesday, February 18.
Analysts, including BofA's Justin Post, anticipate gross order value (GOV) of around $29.2 billion and EBITDA of approximately $792 million for the quarter. They noted an 8% year-over-year increase in U.S. online restaurant spending, suggesting that growth in retail and grocery delivery could help counter softer restaurant sector trends.
Investor Focus on Guidance
Market attention is squarely focused on DoorDash's first-quarter 2026 outlook and its planned spending initiatives for the year. The company's guidance is viewed as a potential catalyst for the stock, with investors keen to assess the balance between order growth, promotional spending, and margin preservation.
Recent sector volatility has made delivery and e-commerce stocks particularly sensitive to any signs of slowing growth or increased competitive investments. Additionally, a regulatory filing revealed that director Shona L. Brown sold 1,250 shares on February 9 under a pre-arranged trading plan.
The company also announced a new pilot program with Alphabet's Waymo, involving DoorDash personnel assisting with certain autonomous vehicle operations. However, the primary driver for the stock's near-term direction is expected to be fundamental operating metrics and forward financial projections rather than ancillary ventures.
