DoorDash Inc. (DASH) PT Raised to $239 at Stifel
Stifel analyst Mark Kelley raised the price target on DoorDash Inc. (NASDAQ: DASH) to $239.00 (from $214.00) while maintaining a Hold rating.
The analyst commented, "2Q top-line came in ahead of expectations (with GOV above the top-end of the guidance range), as did EBITDA dollars (also above guidance range, with margins ~in-line). The 3Q guide was also stronger with GOV expectations +3% ahead of the Street (at the midpoint), stemming from strength in cohorts (size and order frequency higher relative to last year) that have reached all-time highs as the product continues to improve. New areas of investment (SevenRooms, new verticals, etc.) will look to become more of a focus in 2026, including the pending Deliveroo acquisition, which is slated to close in 4Q25. We are encouraged by the current trends for the core delivery business, paired with its scaled advertising platform, but remain on the sidelines with valuation ticking towards the upper end of the range over the last few years. We're raising our forward estimates a bit, and our TP goes to $239."