TD Cowen analyst John Blackledge reiterated a Buy rating and $225.00 price target on DoorDash Inc. (NASDAQ: DASH).

The analyst commented: "Strong Order Growth Drives GOV; EBITDA Margins to Ramp in 2H26; We expect GOV growth of 36% y/y (~22% PF) in 2Q, in-line with cons. We view YTD share underperformance as driven largely by margin concerns around tech re-platforming. We believe that DASH has a runway for continued strong rev growth & margin expansion, supported by rising order frequency, emerging G&R biz, and advertising & membership contribution. Est's unchanged; maintain $225 PT."

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Shares of DoorDash Inc. closed at $187.79 yesterday.