Brokerage Firm: DoorDash Stock Could Surge 19%

The shares of DoorDash Inc (NASDAQ:DASH) are 0.6% lower to trade at $271.71 this morning, brushing off an upgrade from JPMorgan Securities to "overweight" from "neutral." The firm also hiked its price target to $325 from $175, noting global expansion could trigger as much as a 19% surge for the security. There is room for more upgrades, too, per the 12 brokers that maintain a tepid "hold" recommendation on DASH.

DASH tapped an Oct. 7 record high of $284.41, but has since pulled back and is currently contending with the $270 area. The equity has surged 61% in 2025, with long-term support stemming from the 20-day moving average.

Of late, calls have been popular for short-term traders. This is per the equity's Schaeffer's put/call open interest ratio (SOIR) of 0.32, which stands in the 13th percentile of annual readings.