周二，DoorDash股票大幅下滑，因Jefferies分析师基于估值担忧下调其评级。由John Colantuoni领衔的团队将DoorDash评级从“买入”降至“持有”，但将目标价从235美元上调至250美元，同时调高EBITDA预期。分析师指出：“股价年内上涨45%，估值较互联网板块溢价120%，我们降级至持有，DoorDash的强劲执行和增长策略已完全反映在股价中。”截至早盘，DoorDash股价下跌2.6%，报236.46美元；同期标普500指数微涨0.2%。分析师担忧，DoorDash近期推行的负担能力措施可能抑制未来营收增长。公司提供更多促销和折扣，并为非DashPass会员降低费用。这些举措虽吸引顾客，但可能削减每单利润。分析师写道：“降低顾客成本意味着公司从每单中获取的分成减少，从而限制营收增长，即使订单量增加。”不过，DoorDash在30多个国家运营，分析师看好其国际市场潜力：“公司在大可寻址市场中的布局和份额增长历史应支撑美国餐饮配送发展，辅以国际配送和新垂直领域的更快增长。”
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