Morgan Stanley Raises PT on DoorDash, Inc. (DASH), Keeps a Buy Rating

DoorDash, Inc. (NASDAQ:DASH) is one of the Best Revenue Growth Stocks to Invest In. On October 20, Brian Nowak from Morgan Stanley raised the firm’s price target on DoorDash, Inc. (NASDAQ:DASH) from $300 to $330 and reiterated a Buy rating on the stock.

While Morgan Stanley is bullish on the stock, earlier on October 17, John Colantuoni from Jefferies also raised the price target from $265 to $280, while keeping a Hold rating. Colantuoni noted that the increased price target comes as part of the company’s preview of the United States internet coverage companies during Q3. The firm advised investors to focus on 2026 growth and AI disintermediation. Colantuoni also noted that investors should look at owning names that offer insulation against AI risks and peer-leading EBITDA growth.

​DoorDash, Inc. (NASDAQ:DASH) is a local commerce platform. It operates the DoorDash Marketplace and Wolt Marketplace, which connect merchants, consumers, and independent contractors across more than 30 countries.

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.