DoorDash Inc. (NASDAQ:DASH) is among the best debt-free stocks to buy now. In a January 8 note cited by The Fly, Wells Fargo increased the price target on DoorDash stock from $239 to $251 and reiterated an Equal Weight rating.
The firm estimates that the company’s Q4 results will come in line with expectations. However, Q1 guidance for Gross Order Value (GOV) is expected to exceed Street expectations by approximately 2%.
However, Wells Fargo flagged some cost-related issues that could affect the outlook. It notes that the timing and phasing of technology replatforming expenses could create downside risk to consensus margin expansion expectations in the second half of 2026. Moreover, this could also introduce additional uncertainty around 2027 EBITDA forecasts, which underpin the firm’s cautious view.
Interestingly, balancing that caution, BNP Paribas initiated coverage of DoorDash Inc. (NASDAQ:DASH) with an Outperform rating and a price target of $280. With that, over two-thirds of analysts covering the stock rate it Buy, with a consensus 1-year median price target upside of 31.4%, as of January 14.
DoorDash Inc. (NASDAQ:DASH) operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally.
While we acknowledge the potential of DASH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
