TLDR
- DASH is down roughly 31% year-to-date, trading around $150.58, but Wall Street holds a Strong Buy consensus with an average price target of $240.59
- Q1 revenue rose 33% year-over-year to $4.04 billion, with EPS of $0.42 beating estimates by $0.06
- Growth is expanding beyond restaurant delivery into grocery, retail, and international markets via the Deliveroo integration
- Adjusted EBITDA rose 28% to $754 million in Q1, while free cash flow hit $420 million
- Institutional investors hold 90.64% of DASH, and the company has added Dollar Tree and extended the KFC Australia DashPass deal into 2027
DoorDash (DASH) stock is trading around $150.58, down about 31% year-to-date, sitting close to its 12-month low of $143.30. That’s a steep drop from the 12-month high of $285.50.
Yet the business itself tells a different story.
Q1 total orders jumped 27% year-over-year to 933 million. Marketplace Gross Order Value (GOV) rose 37% to $31.6 billion. Revenue came in at $4.04 billion, up 33% year-over-year, beating EPS estimates of $0.36 with an actual print of $0.42.
The one miss was on the top line. Revenue came in just below the $4.15 billion consensus, which may partly explain the stock’s weakness this year.
Adjusted EBITDA rose 28% to $754 million. GAAP net income was $184 million. Free cash flow came in at $420 million. The adjusted EBITDA margin as a share of GOV did dip slightly, from 2.6% to 2.4%, as DoorDash absorbs Deliveroo and continues spending on growth.
Growth Is Spreading Beyond Restaurants
Restaurant delivery is no longer the whole story. DoorDash is growing in U.S. grocery, retail, apparel, auto parts, and tools. Merchant onboarding has improved, with AI tools helping restaurants go live more than 35% faster.
Internationally, the Deliveroo integration is showing up in faster growth in Monthly Active Users, orders, and GOV across key European markets.
New commercial deals are adding fuel too. Over 9,000 Dollar Tree locations with more than 10,000 products are now on DoorDash. KFC Australia extended its DashPass $0 delivery deal into 2027.
For Q2, DoorDash guided Marketplace GOV of $32.4 billion to $33.4 billion.
Institutional ownership sits at 90.64%. Insiders have sold $10.9 million worth of stock over the past three months, including a 52.65% reduction in Director Stanley Tang’s position in April.
What Analysts Are Saying
Wall Street isn’t walking away. Of 36 analysts covering DASH, 22 rate it a Buy, two rate it Strong Buy, and nine hold it at Hold. Not one rates it a Sell.
Truist has a $330 price target with a Buy rating. Citigroup set a $250 target, also Buy. Moffett Nathanson put a $276 target on it. The consensus price target sits at around $240–$256 depending on the source, implying roughly 60% upside from current levels.
The valuation math is what has some analysts staying patient. At roughly $150 and expected EPS of $5.60 for this year, the stock trades at about 27.6x earnings. If Wall Street’s consensus growth estimates hold — around 40% EPS growth in FY2027 and 35% in FY2028 — the forward multiple compresses to roughly 14.6x by 2028 at the current price.
That’s a very different picture from what the year-to-date decline suggests.
The 50-day moving average is $162.74. The 200-day moving average is $184.18. The market cap stands at $65.61 billion with a debt-to-equity ratio of 0.27.
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