KeyBanc Maintains Overweight Rating on DoorDash (DASH) While Raising 2026 EBITDA Estimates

DoorDash Inc. (NASDAQ:DASH) is one of the best US stocks to buy and hold in 2026. On January 20, KeyBanc lowered its price target on DoorDash to $275 from $280 with an Overweight rating. KeyBanc raised its 2026 EBITDA estimates across the mobility and delivery sector following a survey that showed rising adoption rates for ridesharing, food, and grocery services.

The firm highlighted that DoorDash is capturing market share in both food and grocery delivery while expanding its DashPass subscriber base. Ultimately, while the firm views the current industry environment as favorable, it is lowering the price targets for a conservative valuation approach.

Earlier on January 14, BNP Paribas initiated coverage of DoorDash Inc. (NASDAQ:DASH) with an Outperform rating and a $280 price target, identifying the company as a key player within the food delivery sector. The firm acknowledged that while DoorDash’s current valuation is elevated, the company is well-positioned for growth through consistent operational execution. The firm’s optimistic outlook is driven by three main factors: increasing order frequency among US users, successful international expansion, and a steady improvement in profit margins.

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

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.