BNP Paribas Assumes Coverage of DoorDash (DASH), Assigns 'Outperform' Rating with $280 PT

DoorDash, Inc. (NASDAQ:DASH) is included in our list of the best stocks to buy right now.

On January 14, 2026, BNP Paribas analyst Nick Jones assumed coverage of DoorDash, Inc. (NASDAQ:DASH), assigning an ‘Outperform’ rating with a $280 price target.

Other analysts appear to mimic that confidence, with Cantor Fitzgerald raising the firm’s price target on DoorDash, Inc. (NASDAQ:DASH) from $270 to $285, while reiterating an ‘Overweight’ rating on January 8, 2026. While acknowledging ongoing macroeconomic headwinds, the firm issued a more positive outlook for global internet stocks. The firm’s stance holds while AI enters a synergy phase, marked by accelerating revenue growth, improved value capture, and clearer long-term return on investment.

In contrast, on January 6, 2026, Wolfe Research reduced the firm’s price target on DoorDash, Inc. (NASDAQ:DASH) from $275 to $270, while reiterating an ‘Outperform’ rating. The firm sees 2026 as yet another strong year for Internet stocks. However, the firm argues that outperformance in the prior three years may not be repeated amid current, elevated multiples for some of the stocks it covers. The firm’s positive outlook on the sector hinges on upside driven by AI developments, a relatively healthy macro environment, and successful capital allocation.

DoorDash, Inc. (NASDAQ:DASH) designs, develops, and operates a food delivery and logistics platform.

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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