DoorDash Trading Volume Surges to $825 Million Ranking 106th Despite 2.50% Stock Decline

On July 15, 2025, DoorDash (DASH) saw a significant increase in trading volume, with a total of $825 million in shares traded, marking a 30.74% rise from the previous day. This surge placed DoorDash at the 106th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of DoorDash closed down 2.50%.

Jefferies has downgraded DoorDash from a 'Buy' to a 'Hold' rating, citing concerns over the company's valuation. The firm noted that much of DoorDash's growth potential is already reflected in its current stock price, leading to a more cautious outlook. This downgrade has sparked concerns among investors about the stock's valuation, contributing to the recent decline in its share price.

Jefferies also raised its price target for DoorDash from $235 to $250, indicating that while the firm expects the company to continue performing well, it believes the stock is currently overvalued. This adjustment in the price target reflects Jefferies' belief that DoorDash's stock price has risen too quickly, and that a more conservative approach is warranted.

The downgrade by Jefferies has had a direct impact on DoorDash's stock price, with the company's shares falling in early trading on Tuesday. The firm's concerns about valuation have led to a decline in investor confidence, as many are now questioning whether DoorDash's stock is overvalued. This uncertainty has contributed to the recent volatility in the company's share price, as investors weigh the potential risks and rewards of holding DoorDash stock.