DoorDash

DASH · NASDAQ

$191.67−$1.86 (−0.96%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $193.53

DASH analyst rating

BuyConsensus of 32 analysts over the last 12 months. 75% rate it a buy.

Strong buy0
Buy24
Hold8
Underperform0
Sell0

12-month price target · 47 analysts

Average $262.36 (+36.9% upside)

Low: $202.00
Now: $191.67
High: $367.50

Upgrades and downgrades

The latest rating actions, newest first

DASH analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Guggenheim	Oct 14, 2026	Maintains	Buy	$255.00	28%
Cantor Fitzgerald	Oct 12, 2026	Maintains	Overweight	$260.00 → $240.00	63%
Wells Fargo	Oct 5, 2026	Maintains	Equal-Weight	$225.00 → $230.00	55%
Scotiabank	Sep 9, 2026	Initiates	Sector Outperform	$275.00	—
StoneX	Sep 8, 2026	Maintains	Buy	$295.00	44%
Rosenblatt	Sep 1, 2026	Initiates	Buy	$270.00	62%
Wedbush	Aug 20, 2026	Maintains	Neutral	$205.00 → $220.00	58%
Roth Capital	Aug 10, 2026	Maintains	Neutral	$200.00 → $220.00	70%
Wells Fargo	Aug 7, 2026	Maintains	Equal-Weight	$199.00 → $225.00	55%
Susquehanna	Aug 7, 2026	Maintains	Positive	$225.00 → $250.00	57%

The case for and against

Updated Oct 14, 2026

Bull case

DoorDash is positioned for durable fundamental upside because its marketplace is expanding beyond restaurants into grocery, retail, and international markets, creating a larger addressable base and higher switching costs through merchant software, DashPass, Wolt, and Deliveroo. Its financial momentum is strong, with 2025 GOV of $102B across 3.2B orders and 2Q26 Marketplace GOV up 36.4% to $33.1B, while advertising is still early in penetration, already a $1B+ annualized run-rate with 400K+ advertisers and materially higher margin potential. As new verticals approach positive gross profit in 2H26 and transitory integration costs fade, margin expansion and take-rate leverage should accelerate, supporting a more profitable multi-year growth profile.

Bear case

DoorDash is facing a negative fundamental setup because its core economics remain heavily tied to Marketplace GOV, while elevated transitory costs from platform unification, Deliveroo and SevenRooms integration, and the Dasher gas relief program are compressing margins and weighing on near-term profitability. Although advertising and Commerce Platform revenue can lift take rate, the model still depends on continued DashPass and ad penetration, and that upside is offset by ongoing dilution, intensifying competition in grocery and international markets, and the risk of regulatory or contractor reclassification pressure. Its international expansion leaves roughly 77% of revenue in the US in 2Q26, but that also underscores concentration risk, while technology dependence, compliance complexity, and potential AI-driven disintermediation add further fundamental uncertainty.

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