Wells Fargo cut target for DoorDash stock to USD 230.00

Published on 10/12/2026 at 12:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 36 percent to USD 4.45 billion. DoorDash stock costs EUR 176.00 on October 12, 2026, with results due November 4, 2026.

Key points in brief

Wells Fargo cut its DoorDash price target to USD 230.00 from USD 235.00 on October 5, 2026.
DoorDash reported USD 4.45 billion in second-quarter 2026 revenue, up 36 percent year over year.
DoorDash stock was trading at EUR 176.00 at Lang & Schwarz on October 12, 2026 at 12:25 p.m. CEST.
DoorDash is scheduled to release third-quarter 2026 results on November 4, 2026.

DoorDash, US25809K1051, Illustration mit AI erstellt.

Wells Fargo cut its DoorDash price target to USD 230.00 from USD 235.00 on October 5, 2026, while keeping an Equal Weight rating, according to Investing.com. The revision puts margin assumptions at the center of the DoorDash stock story.

Three dated DoorDash developments

On August 5, 2026, second-quarter revenue reached USD 4.45 billion, up 36 percent from a year earlier, while GAAP earnings per share came in at USD 0.46 versus a USD 0.47 consensus estimate, according to Yahoo Finance. The revenue gain was therefore paired with a small earnings-per-share shortfall.

On September 30, 2026, DoorDash introduced a corporate ordering connector for internal artificial intelligence tools, with SpaceXAI, Vercel, Cognition, Tempo, and Mercor among its early beta partners, according to Business Wire. The initiative adds office ordering to the company's local-commerce platform.

On October 5, 2026, Wells Fargo changed its target from USD 235.00 to USD 230.00. That adjustment was linked to fourth-quarter fiscal 2026 EBITDA guidance of USD 950 million to USD 1.1 billion and a midpoint 260 basis points below consensus, according to Investing.com.

What dates matter next?

DoorDash announced on October 9, 2026 that it will release third-quarter 2026 results after the U.S. market close on November 4, 2026, with a conference call at 4:30 p.m. ET, according to DoorDash. The release date is the next defined company event.

What does the target cut signal?

The Wells Fargo revision contrasts with Citizens maintaining a USD 250.00 Market Outperform target, but the more immediate issue is profitability. Wells Fargo expects third-quarter fiscal 2026 gross order value of USD 33.5 billion and EBITDA of USD 1.03 billion, with the latter 1 percent below consensus, according to Investing.com. For investors, the next report will show whether revenue expansion is translating into durable operating leverage.

DoorDash stock holds the trading reference

DoorDash stock was trading at EUR 176.00 at Lang & Schwarz on October 12, 2026 at 12:25 p.m. CEST. The structured market quote showed DoorDash at USD 196.50 on its Nasdaq listing on October 9, 2026, with a market capitalization of USD 85.6 billion and a 52-week range of USD 143.30 to USD 285.50.

The further course of trading is shown by the continuously updated real-time quote of DoorDash stock.