Wells Fargo raises Uber stock price target to $92 on growth outlook

Wells Fargo has reduced its price target on DoorDash Inc. (NASDAQ:DASH) to $230 from $235, while maintaining an Equal Weight rating on the shares. The company's stock is currently trading at $189.15, with a market cap of $82 billion. Wells Fargo projects fourth-quarter fiscal 2026 EBITDA guidance of $950 million to $1.1 billion, which is 260 basis points below consensus. The firm also estimates a 20 basis point quarter-over-quarter decline in total take rate to 13.2%, which is below the 13.4% consensus.

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