Cantor Fitzgerald Reiterates Overweight Rating on DoorDash Inc. (DASH)

Cantor Fitzgerald analyst Deepak Mathivanan reiterated an Overweight rating and $210.00 price target on DoorDash Inc. (NASDAQ: DASH).

The analyst commented, "DASH reported 1Q results with GOV and EBITDA both above Street estimates (Visible Alpha) by 1%, near the high-end of the prior guidance range. The company guided 2Q25E GOV growth of +18-20% y/y (vs. VA previously at +18% y/y), indicating relatively stable growth rates. Meanwhile, the 2Q25E EBITDA guide of $600-650m points to healthy incremental margins and steady margin expansion. Overall, DASH's fundamentals remain solid. The demand environment remains stable, and habituation continues to increase among DASH's user base. The company is actively expanding its value prop by unlocking new use cases across multiple verticals. Meanwhile, continued efficiency gains are delivering nice margin expansion. Looking ahead, we expect DASH to show relatively better resiliency during macro volatility. Recent acquisitions - Deliveroo and SevenRooms - should enable expansion into new geos and enhance the platforms' restaurant services. Shares traded down 7% after print (vs. Nasdaq -1%), partly due to the scale of the M&A, but we like the long-term opportunities they unlock. We reiterate our overweight rating and $210 PT."

For an analyst ratings summary and ratings history on DoorDash Inc. click here. For more ratings news on DoorDash Inc. click here.

Shares of DoorDash Inc. closed at $190.11 yesterday.

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