Cantor Fitzgerald Cuts DoorDash (DASH) Price Target to $240

Cantor Fitzgerald has reaffirmed its Overweight rating on DoorDash, lowering its price target to $240, a 28.06% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:03 PM EDT

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Cantor Fitzgerald cut its price target on DoorDash, Inc. ($DASH) to $240 from $260 on October 12, 2026, and rates the stock "Overweight".

Since the rating, $DASH is down 2.6% to date (from the $194.24 close on Oct 12, 2026).

DASH DoorDash, Inc.

$189.15 -13.94% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Cantor Fitzgerald reiterated its Overweight rating on DoorDash, setting a new price target of $240, down from $260.
Cantor Fitzgerald's $240 price target implies 28.06% upside from DoorDash, Inc.'s ($DASH) current $187.41 share price.
As of October 16, 2026, DoorDash shares recently traded around $187.41, which is below the new analyst target and 30.3% lower than its 52-week high of $269.
The average analyst target for DoorDash is $257.37, with 42 analysts covering the stock, indicating a consensus recommendation of 'buy'.

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Cantor Fitzgerald has reiterated its Overweight rating on DoorDash, Inc. (DASH) and set a new price target of $240 on October 12, 2026, down from a previous target of $260.

Cantor Fitzgerald's Call on DoorDash

The firm maintains a positive outlook on DoorDash, despite lowering its price target. The new target reflects a cautious approach as the shares recently traded at $187.41, significantly below the target price. This represents a 27.2% gap from the average analyst target of $257.37.

Other Institutional Activity in DoorDash

Several other institutional investors have also been active with DoorDash. Blackrock Inc. increased its holdings by 397,004 shares, bringing its total to about 26.9 million shares valued at approximately $5.1 billion. Vanguard Capital Management LLC added 992,116 shares, ending with around 24.4 million shares worth about $4.6 billion. State Street Corporation also grew its stake by 506,864 shares, now holding about 16.1 million shares valued at roughly $3.0 billion.

DoorDash, Inc. Stock Up 1.8%

DoorDash shares are currently trading below their 50-day moving average of $205.69 and have recently been about 30.3% lower than their 52-week high of $269. However, they are 30.8% above the 52-week low of $143.30, indicating a mixed performance over the past year.

12-month forecast

$DASH price target

DoorDash, Inc. daily closes and this analyst's $240 target. Not advice.

Recent Earnings

DoorDash reported a trailing twelve-month revenue of approximately $15.89 billion, reflecting a year-over-year growth of 35.6%. The company's earnings per share (EPS) stood at $1.90, with a net margin of 5.3% and a return on equity of 8.9%. The next earnings report is scheduled for November 4, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

D- 34/100

Reported May 6, 2026

Forward outlook
5 target cuts vs 2 raises.
EPS & revenue
EPS beat estimates by 13.0%. Revenue missed estimates by 4.5%.
Profit surprise
EBITDA missed by 39 percent. Operating income beat by 24 percent.
Pre-earnings setup
Bar was high, analysts already very bullish.
Analyst signal
2 target raises, 5 target cuts.
Earnings quality
Operating margin down 1.4 points. Negative free cash flow.

Earnings Call Summary

Q1 revenue came in at 4.04 billion dollars, missing the 4.23 billion dollar consensus by about 190 million dollars, though EPS beat at 42 cents versus 38 cents expected. Management credited monthly active users hitting record highs, subscription engagement accelerating, and strong international momentum, especially at Deliveroo and Bolt. CEO Tony Xu emphasized the company is building end-to-end shopping experiences with AI, expanded Dasher Fulfillment Services for grocery accuracy, and grew advertising to record levels. New verticals like grocery are trending toward gross profit breakeven in the second half with improving unit economics as cohorts grow their basket sizes over time.

Guidance DoorDash reaffirmed its full year outlook for EBITDA margins to be slightly higher than 2025, excluding restaurant unit economics. Management said they expect the second half EBITDA to be higher than the first half, with similar margins to what was planned at the start of the year. The company noted a 50 million dollar gas rewards program impact in the quarter and said they may extend it, but plan to offset it with other cost moves.

Very weak report. The release materially worsened the forward outlook.

Insider Buying and Selling at DoorDash, Inc.

On October 12, 2026, Ravi Kiran Reddy Inukonda, the Chief Financial Officer, sold 1,017 shares at an average price of $195, totaling approximately $198,315. Earlier, on October 1, 2026, Director Andy Fang sold 5,000 shares at $183.69, valued at about $918,450. Keith Yandell, an officer, also sold 2,183 shares on the same day for roughly $400,995.

Analysts Set New Price Targets

Cantor Fitzgerald's new target of $240 follows several recent analyst actions. On September 1, 2026, Rosenblatt initiated coverage with a Buy rating and a target of $270. StoneX reiterated a Buy rating with a target of $295 on September 8, 2026. Wells Fargo maintained an Equal-Weight rating with a target of $230 on October 5, 2026.

About DoorDash

DoorDash, Inc. operates a platform that connects consumers, merchants, and delivery drivers, known as dashers. The company provides services like customer acquisition and order fulfillment through various marketplaces, including DoorDash Marketplace and Wolt Marketplace. This analyst rating comes as DoorDash continues to navigate a competitive landscape in the internet retail sector.

Bottom Line

Investors should keep an eye on DoorDash's upcoming earnings report on November 4, 2026, as well as any further analyst updates regarding its performance and market position.