NEW YORK, December 30, 2025, 21:32 ET — Market closed
- DoorDash shares closed down 1.25% at $228.13 on Tuesday.
- Evercore ISI reiterated an outperform view and a $360 price target in a recent client note, an Investors.com report said.
- California’s AB 578 takes effect Jan. 1, tightening refund and customer-service requirements for delivery platforms, local outlets reported.
DoorDash, Inc. shares closed down 1.25% at $228.13 on Tuesday, extending a second straight session of declines. 1
The timing matters because U.S. stocks will trade regular hours on Wednesday, the final session of 2025, before markets shut for New Year’s Day. Year-end positioning can magnify moves when liquidity thins. 2
Regulation is also back in focus for delivery platforms ahead of California’s Assembly Bill 578, which takes effect Jan. 1 and changes refund and disclosure rules for app-based food delivery. 3
In a client note cited by Investors.com, Evercore ISI analyst Mark Mahaney flagged DoorDash as a top 2026 pick and reiterated a $360 price target. “From ride-share to online travel to e-commerce, most companies are experiencing robust consumer demand trends,” he wrote. 4
Broader equities were slightly lower on the day, with the S&P 500 proxy SPY down 0.15% and the Nasdaq 100 tracker QQQ off 0.24%.
Among peers, Uber Technologies rose 0.8% while Instacart parent Maplebear slipped 0.9% in late trading, pointing to a mixed tape for on-demand delivery names.
Local outlets said AB 578 requires delivery apps to provide a full refund when an order is not delivered or the wrong order is delivered, and bars platforms from keeping any portion designated as a tip or gratuity. The law also requires access to a human customer service agent if automated systems fail to resolve an issue. 3
Investors have also been weighing DoorDash’s growth spending against profitability after the company said it planned to step up investments in 2026, even as demand held up. 5
In its latest reported quarter, DoorDash posted revenue growth of 27% and a 21% rise in total orders, but it missed profit estimates and signaled higher spending. It forecast fourth-quarter gross merchandise value — the total dollar value of orders placed on its platform — ahead of analysts’ expectations, according to LSEG data cited by Reuters. 5
Before the next session, traders will watch U.S. initial jobless claims due at 8:30 a.m. ET on Wednesday; the Labor Department’s schedule shows the report moved from Thursday because Jan. 1 is a federal holiday. 6
Bond markets also close early at 2 p.m. ET on Dec. 31, according to a Yahoo Finance preview of the week’s calendar — a wrinkle that can drain late-day liquidity across rate-sensitive growth stocks. 7
DoorDash traded between $228.02 and $231.52 on Tuesday and finished near the day’s low. Traders have been watching the $228 area as near-term support and the $231–$232 zone as a nearby resistance band. 8
The next major company catalyst is fourth-quarter results. DoorDash has not confirmed a date, but Nasdaq’s earnings calendar estimates the company will report around Feb. 10, 2026. 9
