NEW YORK, December 29, 2025, 15:28 ET — Regular session
DoorDash, Inc. shares fell about 1.3% to $230.91 in afternoon trading on Monday after touching a session low of $230.14. At 3:28 p.m. ET, the stock was down $3.04 from its previous close, after earlier hitting $234.98.
The pullback lands in the final week of the year, when thin liquidity can amplify moves and portfolio managers adjust exposure ahead of year-end.
DoorDash is closely watched as a read-through on consumer spending and app-based delivery demand, an area where investors have been quick to reward steady volume and punish heavier spending.
Wall Street’s main indexes were lower as heavyweight technology stocks retreated from last week’s gains that pushed the S&P 500 to record highs, Reuters reported, and Tesla’s slide weighed on consumer discretionary shares. Investors are also watching the “Santa Claus rally” — a seasonal pattern where the S&P 500 often rises in the last five trading days of the year and the first two in January — with Fed minutes and weekly jobless claims due in a data-light, holiday-shortened week as U.S. markets shut on Thursday for New Year’s Day. 1
On the company side, Evercore ISI reiterated a bullish stance on online platforms and kept DoorDash among its favored names for 2026, Investors.com reported. “From ride-share to online travel to e-commerce, most companies are experiencing robust consumer demand trends,” analyst Mark Mahaney wrote, according to the report. 2
Evercore’s $360 price target implies roughly 56% upside from Monday’s levels, but the stock still tracked the broader pullback in growth and consumer internet shares.
DoorDash has remained sensitive to investor scrutiny of spending and near-term profitability after it outlined plans for heavier investment tied to its 2026 growth strategy in its last quarterly update, which triggered a sharp selloff in early November. 3
The company generates revenue largely from delivery fees and its DashPass subscription, and it has been pushing further into groceries and other local commerce alongside restaurant delivery.
Traders say the key metric remains gross order value (GOV) — the total dollar value of orders placed on the platform — and whether incremental growth comes with improving margins.
In the near term, holiday promotions and broader consumer demand signals will stay in focus, particularly if shifting rate expectations prompt investors to trim high-multiple growth exposure.
DoorDash’s next earnings report is expected around Feb. 10, 2026, based on Nasdaq’s earnings calendar estimates. Investors are likely to watch for any updates on 2026 investment levels and profitability targets. 4
For now, shares are hovering near session lows heading into the late afternoon, a period when light year-end volumes can exaggerate moves into the close.
