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.
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.
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.
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. Investors
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.
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.
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.
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.
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.
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.
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.
