DoorDash posted strong third-quarter results with significant order gains and record subscription numbers. A prominent analyst from Jefferies upgraded the stock to a Buy rating, raising the price target from $220 to $260. The upgrade was based on the company's lower-than-expected 2026 outlook, which provides greater financial flexibility for investments. The analyst also highlighted the long-term potential of the company's artificial intelligence platform, suggesting a strengthening growth thesis despite acknowledging rising competition and valuation pressures in the market.