New York, Feb 18, 2026, 15:28 (ET) — Regular session
- DoorDash shares climbed roughly 6.6% in afternoon trading, cutting into some of their recent losses.
- The delivery company will release its fourth-quarter and full-year 2025 results after the market closes.
- Wall Street wants specifics on 2026 margins and spending plans.
DoorDash Inc shares climbed 6.6% to $173.01 by Wednesday afternoon, ticking as high as $174.99 earlier. Investors moved in before the company’s latest quarterly numbers. The stock started the day at $162.59, compared with Tuesday’s close of $162.34.
DoorDash plans to announce its fourth-quarter and full-year 2025 earnings after the close on Wednesday, with a conference call set for 5 p.m. ET. The update comes after a choppy period for the shares, as investors are eager for clarity on demand and margins.
Here’s the thing—the quarter’s important, sure, but investors zero in on the outlook. Stocks can swing sharply if management tweaks spending plans or signals a change in unit economics, particularly with shares already coming off a steep drop.
Wall Street expects 58 cents per share in earnings and roughly $3.97 billion in revenue, Zacks Investment Research figures show, cited in a Nasdaq note. The focus isn’t just the numbers—investors are eyeing whether growth persists as the company shifts harder into advertising and expands beyond restaurants.
DoorDash is steering investors’ attention toward Marketplace GOV, its metric for total order value. The company’s guidance for the fourth quarter? Somewhere between $28.9 billion and $29.5 billion in Marketplace GOV.
Truist Securities’ Youssef Squali said in a note this week that while the company’s investment push will likely squeeze margins in the near term, his Buy rating stays, as does his $330 target. Over at Evercore ISI, Mark Mahaney kept DoorDash in his “highest quality” list and went with a $360 target, pointing to solid execution and what he sees as ongoing share gains. Barron’s
The fight for market share hasn’t eased up. Uber’s Eats unit and Instacart continue to offer plenty of options, with grocery and convenience delivery as jammed as ever.
Stocks are rallying, with investors in the U.S. eyeing a fresh batch of earnings and bracing for the Federal Reserve’s meeting minutes expected later Wednesday—a mix that tends to move high-growth stocks.
Still, if DoorDash adopts a more cautious outlook or hints at ramping up spending without showing how it’ll pay off, that rebound might not last. A dip in consumer demand would cut into a business so reliant on folks making discretionary orders.
DoorDash is set to release results after the bell, with its call at 5 p.m. ET expected to draw attention from traders looking for details on investment plans for 2026, margins, and how quickly the company is expanding outside of its core restaurant delivery business.
