DoorDash: Wells Fargo Maintains Equal-Weight, PT Raised to $306

DoorDash: Wells Fargo Maintains Equal-Weight, PT Raised to $306

Wells Fargo has adjusted its price target for DoorDash (NASDAQ: DASH) to $306, maintaining an equal-weight rating. The update comes amidst a series of strategic moves and positive developments for the company. On September 2, 2025, DoorDash's Chief Business Officer, Keith Yandell, sold 17,034 shares of Class A Common Stock, netting $4,385,192. The sales were executed under a pre-arranged Rule 10b5-1 trading plan and followed a 98.4% return on DoorDash’s stock over the past year [1].

DoorDash has been active in several significant developments. The company is undergoing a $3.9 billion acquisition of Deliveroo, which is currently under review by the European Union. Additionally, analysts at JMP have reiterated a Market Outperform rating for DoorDash, maintaining a price target of $335.00. The analysts highlighted the potential benefits of autonomous delivery technology on DoorDash’s operations [1].

Moreover, DoorDash has entered into a multi-year partnership with Ace Pickleball Club to provide on-demand delivery services at club locations across the United States. The company has also launched a new online ordering system in collaboration with McDonald’s, allowing customers to order delivery directly through McDonald’s website. Furthermore, DoorDash is expanding its partnership with RELEX Solutions to enhance inventory management across its DashMart network, deploying additional AI-driven supply chain optimization tools [1].

Wells Fargo’s updated price target reflects its assessment of DoorDash’s recent activities and the company’s potential for growth. The equal-weight rating suggests that Wells Fargo believes DoorDash’s stock is fairly valued relative to the broader market.

References:
[1] https://www.investing.com/news/insider-trading-news/doordashs-yandell-sells-43m-in-shares-93CH-4225425
[2] https://www.marketscreener.com/news/wells-fargo-adjusts-price-target-on-doordash-to-306-from-280-maintains-equalweight-rating-ce7d59d9d88df325