01:37 PM EDT, 05/08/2024 (MT Newswires) -- DoorDash ( DASH ) is likely to maintain its market leadership in the face of the collaboration between Uber Technologies' ( UBER ) Uber Eats and Instacart (CART), Deutsche Bank said Wednesday in a note.

Uber Eats and Instacart on Tuesday announced they are integrating UberEats' restaurant offerings into the Instacart platform. While this may pose some challenges to DoorDash's ( DASH ) primary operations, "we believe that the ultimate orders at risk via this partnership is at most" 4% to 7% of Wall Street's 2024 and 2025 estimates," Deutsche Bank said.

"If we assume that DoorDash ( DASH ) successfully holds on to some percentage of these orders, the potential share loss implications are even lower," Deutsche Bank said.

Deutsche Bank has a buy rating on DoorDash ( DASH ) with a price target of $155.

DoorDash ( DASH ) shares fell 3.7% in recent trading Wednesday. Uber ( UBER ) slumped 8.5% after posting a surprise Q1 loss, and Instacart dropped 1.9%.

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