Doordash Inc - A

DoorDash shares closed at $160.34 Friday, showing relative stability after a sharp decline. The company reports fourth-quarter earnings after markets close on Wednesday.

DoorDash shares edged higher in premarket activity, attempting to recover from a steep 8.2% drop in the prior session. Bank of America reiterated its Buy recommendation but lowered its price target to $260 from $305.

DoorDash stock declined slightly as investors await the company's upcoming earnings report, with attention on consumer demand and margins against a backdrop of flat retail sales and pending economic data.