DoorDash stock rating maintained at Market Outperform by Citizens. Published 08/24/2026, 05:14 AM (C) Reuters. Investing.com - Citizens reiterated a Market Outperform rating on DoorDash Inc. (NASDAQ:DASH) stock with a price target of $240.00. The stock currently trades at $223.49, with analyst targets ranging from $172 to $350, according to InvestingPro data. The firm commented on Australia's new minimum pay requirement for gig workers, which was set at A$31.30 ($22.11) per hour. The new rate exceeds Australia's minimum wage of A$26.44 ($18.98) per hour. Citizens expects a small headwind to DoorDash and Uber from the regulation. The analyst maintained the $240.00 price target on DoorDash shares. InvestingPro analysis suggests the stock is currently overvalued relative to its Fair Value, though eight analysts have recently revised earnings upwards. Investors can access detailed valuation analysis and 16 additional ProTips on the platform's comprehensive Pro Research Report. In other recent news, Serve Robotics Inc. announced a new partnership with Grubhub and expanded its collaboration with DoorDash to include Washington, DC, and San Jose, California. This expansion adds to Serve's existing operations in Chicago, Los Angeles, and Miami. The collaboration with Grubhub will focus on autonomous deliveries in Los Angeles, Chicago, and Alexandria, Virginia. Meanwhile, Lyft Inc. received a revised price target from Susquehanna, increasing it to $18 from $15, while maintaining a Neutral rating. Lyft's third-quarter outlook includes expected gross bookings of $5.5 billion to $5.67 billion and EBITDA between $183 million to $203 million. DoorDash Inc. also saw several analyst updates, with Susquehanna raising its price target to $250 based on strong second-quarter revenue growth of 36% year-over-year. Needham reiterated a Buy rating with a $265 price target, citing better-than-expected second-quarter results and strong management execution. UBS raised DoorDash's price target to $225, maintaining a Neutral rating, and noted the company's ongoing elevated investment levels. These developments reflect recent strategic moves and financial assessments for these companies. +0.21 (+0.26%) Real-time Data · 11:20:53 · USD Is UBER undervalued - or a trap? Gut instinct isn't enough. Our Fair Value calculator uses 17 proven valuation models to reveal what UBER is really worth. Get instant clarity on UBER - plus thousands of other stocks - before the opportunity disappears.

Waymo develops new chip for robotaxis in the US, while Nevada expands operating permits. Waymo has released specifications for its new custom silicon chip, which allows for more efficient processing of robotaxi data streams. At the same time, the state of Nevada has given the green light for the addition of up to 8,000 autonomous vehicles in the Las Vegas area. Waymo's new 5nm ASIC chip achieves over 1,000 TOPS of computing power Nevada authorized up to 8,000 robotaxis for Clark County over a 12-month period The Dutch Data Protection Authority fined Uber 825 million euros Waymo has taken the next step in streamlining its autonomous systems by developing a 5-nanometer ASIC chip. The new hardware is designed to handle the massive amount of data collected by Waymo Jaguar vehicles, which use 13 high-definition cameras on board. According to the company, this chip enables computing power exceeding 1,000 TOPS (trillion operations per second), comparable to Nvidia's top-tier automotive processors. This technological innovation is part of a broader strategy to reduce the construction and maintenance costs of robotaxis. Meanwhile, there has been a significant shift in the mobility sector in the state of Nevada. Regulators have issued business permits that will allow for up to 8,000 robotaxis to be brought into Clark County, which includes Las Vegas, over the next 12 months. Tesla, Uber, and Waymo have all applied for and received permits. While it is unlikely that the full capacity will be reached within a year, it marks an opportunity for the rapid scaling of autonomous services in densely populated urban areas. While Waymo focuses on technological infrastructure, competitors are adjusting their business models. Serve Robotics announced the expansion of its delivery platforms in Chicago, Los Angeles, and Alexandria. At the same time, Uber has faced legal setbacks in Europe: the Dutch Data Protection Authority fined the company 825 million euros, accusing the platform of systematically suspending driver accounts without sufficient explanation, which violates European data protection rules. Reflect Morning The stories that matter, in your inbox every morning at 7.

Serve Robotics to deploy its autonomous delivery robots with Grubhub. Serve Robotics Inc., a developer of sidewalk delivery robots, this week announced a partnership with Grubhub, a subsidiary of Wonder. Serve will now be offering robotic deliveries on the Grubhub marketplace starting in Chicago, Los Angeles, and Alexandria, Va. The company's services will be available from more than 100 participating Grubhub merchants in Chicago and nearly 200 in Los Angeles, with additional restaurants expected to join the program over time. As part of the Grubhub partnership, Wonder's Alexandria location will offer delivery robots through Serve's autonomous network. In addition to the new partnership, Serve has also launched in two new markets, Washington, D.C., and San Jose, Calif., both in partnership with DoorDash. In San Jose, Serve's first Bay Area market, robots have completed their first month of deliveries. In Washington, D.C., Serve robots will be delivering in Dupont Circle and parts of downtown. "Not long ago, our robots were delivering dinner in a handful of neighborhoods. Today, they're rolling into new cities from San Jose, California's third largest city, to the nation's capital. Their hospital cousins, our new Moxi robots, are showing up in health systems across the country," said Ali Kashani, co-founder and CEO of Serve Robotics, referring to acquisition of Diligent Robotics. "Welcoming Wonder and Grubhub to our network is the clearest signal yet of where we are headed," he said. "Every new partner puts more robots to work, and every delivery makes the whole fleet smarter." Serve unveils its first microdepot and countertop products. As part of this continued expansion, Serve is launching its first microdepot in Miami. Serve said this is a innovative class of small-footprint operating sites that handle robot staging, charging, dispatch, and maintenance without the build-out time of a full-scale facility. Microdepots require minimal infrastructure and can be stood up rapidly in high-demand neighborhoods, which Serve said provides a repeatable model for entering new neighborhoods and cities faster and at lower cost. Serve also previewed Beacon, a standalone countertop product that will connect restaurants, customers, and Serve robots. With its built-in cellular, Beacon will alert staffers the moment a robot arrives for pickup and will require nothing from a restaurant beyond power - no tablet, no additional hardware, and no changes to existing systems. The company said it designed Beacon to extend robot delivery to restaurants whose back-of-house setups previously could not support it and speed up pickup for Serve's current restaurant partners. Serve is also launching its latest advertising product called "Characters." Advertisers have long been able to wrap Serve robots in custom designs. With Characters, brands can now build a character that customers can talk with in real time, powered by a curated conversational AI model, in experiences developed together by Serve and the advertiser. Serve and Grubhub launched the first Character, Chomp, a hamburger-wrapped robot who treats every delivery like a very important mission. Chomp will appear across social media and select customer experiences with Grubhub gift cards and swag. Inside Serve's latest financial results. Serve recently shared its financial results for Q2 of 2026. The company brought in $3.2 million in Q2, a 9% increase from Q1 and a 404% year-over-year increase. Serve said revenue from its DoorDash partnership grew nearly 50% sequentially, exceeding its expectations. Overall, advertising made up nearly 50% of food delivery revenue in Q2, and recurring revenue made up over 50% of total revenues in Q2. Despite the company's growth, it has hit a roadblock in its partnership with Uber. Serve originally started as a division of Uber, and spun off into its own company in 2021. However, the company had experienced lower than expected delivery volume through Uber. Last week, Bloomberg reported that Uber sold off its remaining stake in Serve. The company's exit from Serve had been in the works for at least a year, according to Uber's regulatory filings. Serve also gave an update on Diligent Robotics, which it acquired earlier this year. Diligent released Moxie 2.0, the upgraded version of its hospital delivery robot.