Jefferies Upgrades DoorDash (DASH) to ‘Buy’ with $260 PT, Cites Investment Flexibility, Long-Term AI Platform Potential

DoorDash Inc. (NASDAQ:DASH) is one of the best QQQ stocks to buy according to Wall Street analysts. On November 19, Jefferies analyst John Colantuoni upgraded DoorDash to Buy from Hold with a price target of $260, which was also upgraded from $220. Colantuoni noted that DoorDash’s lower-than-expected 2026 outlook is beneficial, as it gives the company flexibility for long-term investments and creates potential upside for consensus estimates.

The company is anticipated to make a revenue of ~$17.87 billion for the full-year 2026, with EPS coming around $6.32. Earlier the same month, DoorDash reported that the company generated $3.45 billion in net sales for Q3 2025, which was up 27.35% and beat estimates by $89.10 million. The company’s EPS for the quarter stood at $1.28, which was $0.03 higher than the guidance.

Jefferies Upgrades DoorDash (DASH) to 'Buy' with $260 PT, Cites Investment Flexibility, Long-Term AI Platform Potential

One of the company’s current core strategies is a multi-million-dollar investment in building a new global tech platform in 2026 to unify the tech stack across all markets, making it AI-native to streamline operations, enhance product development, and ultimately lead to long-term cost savings. The decision to build a single architecture was driven by the need for efficiency and faster global feature rollouts, particularly given advancements in AI.

DoorDash Inc. (NASDAQ:DASH) operates a commerce platform that connects merchants, consumers, and independent contractors in the US and internationally.

While we acknowledge the potential of DASH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DASH and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.