DA Davidson Reiterates Neutral Rating on DoorDash Inc. (DASH)

DA Davidson analyst Tom White reiterated a Neutral rating and $190.00 price target on DoorDash Inc. (NASDAQ: DASH).

The analyst commented, "We remain NEUTRAL-rated on shares of DASH but raise our estimates/price target following solid 1Q’25 results with GOV coming in ~1% ahead of consensus and adj. EBITDA effectively inline at $590M. 1Q take-rate was down 40 bps Q/Q to 13.1% (flat Y/Y), impacted by seasonal factors and DASH affordability initiatives, but DASH indicated 2Q take-rate should be up Q/Q and that 2H take-rate will be higher than 1H. Key drivers of this improvement over the course of the year include: leveraging the benefits of increased Dasher supply, improving unit economics, and a growing contribution from Ads."

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.

You May Also Be Interested In

• Bernstein SocGen Group Starts Terawulf Inc. (WULF) at Outperform
• Bernstein SocGen Group Starts Cipher Mining (CIFR) at Outperform
• SpaceX files for 555.56M share IPO at $135/sh