Key Stats for DoorDash Stock
- 52-Week Range: $143 to $286
- Current Price: $157
- Street Mean Target: $246
- Street High Target: $350
- Analyst Consensus: 26 Buys / 9 Outperforms / 9 Holds
- TIKR Model Target (Dec. 2030): $820
DoorDash Stock Climbs 11% After Q1 Beat, But the GOV Guidance Is the Real Story
DoorDash (DASH) jumped roughly 11% in premarket trading on May 7 following a Q1 2026 earnings report that beat on adjusted profit and set second-quarter gross order value guidance above analyst expectations.
Quarterly revenue came in at $4.04 billion, up 33.1% year over year, while adjusted EBITDA reached $754 million, above the consensus estimate of around $743 million.
Q1 total orders reached 933 million, and DoorDash reported record membership signups across DoorDash, Deliveroo, and Wolt simultaneously.
CFO Ravi Inukonda said on the Q1 2026 earnings call: “Demand continues to be quite strong… Q2 is off to a good start, (we) feel good about the demand patterns that we’re seeing on the business.”
For Q2 2026, DoorDash guided marketplace GOV of $32.4 billion to $33.4 billion, ahead of the analyst consensus of $31.8 billion, citing continued expansion in grocery, retail, and international markets.
A Dasher gas relief program launched in response to surging oil prices tied to the U.S.-Iran war is expected to cost the company over $50 million in Q2, though Inukonda confirmed the company found offsets and the full-year EBITDA margin outlook remains unchanged.
DoorDash became the volume-share leader in U.S. grocery delivery last fall and attracted more new grocery customers in Q1 than in any previous quarter.
The company is also mid-way through a full global technology replatforming, building a unified stack across DoorDash, Wolt, and Deliveroo that management says is already producing velocity and quality benefits, with production traffic already routing through the new architecture.
Separately, DoorDash has explored acquiring Delivery Hero’s Middle East business, including Talabat and HungerStation, per FT reporting in late May, signaling an appetite for further international consolidation beyond the Deliveroo and Wolt acquisitions already on the books.
The company also expanded its Reservations service to Los Angeles, San Francisco, Boston, and London via Deliveroo, bringing its total footprint to 10 major cities worldwide, and launched DoorDash Ads in a clean-room measurement partnership with LiveRamp targeting CPG advertisers with privacy-centric reach data.
Why DASH Analysts Hold Their Buy Ratings Even as Targets Come In
Wall Street moved swiftly after Q1 results, with the analyst consensus settling at 26 buys and 9 outperforms against 9 holds, a distribution that has not included a sell rating in the current period.
The mean price target sits at around $246, implying roughly 57% upside from the current price of around $157, while the high target of $350 marks more than 120% potential upside for the most aggressive bulls.
DoorDash stock’s Q1 adjusted EBITDA of $754 million was up 27.8% year over year on quarterly revenue of $4.04 billion, and the forward EBITDA trajectory from the actuals and estimates table turns sharply higher from Q2 onward.
Consensus projects Q2 2026 EBITDA at around $840 million, up around 28% year over year, followed by Q3 at around $980 million and Q4 at around $1.04 billion, compounding toward a full-year 2026 EBITDA run-rate that significantly exceeds 2025.
The mechanism driving that trajectory is not one lever but three operating simultaneously: DashPass membership reaching record sign-up and retention rates, new verticals approaching gross-profit breakeven in H2 2026 on the back of volume-share leadership in grocery, and Deliveroo guided to contribute around $200 million of EBITDA in full-year 2026.
FCF is also expanding in the forward curve, with consensus projecting around $810 million for Q2 2026 and around $920 million for Q3 2026, after the Q1 actual of $420 million.
The gas relief program creates a near-term cost headwind, but management has explicitly said offsets have been found and the full-year EBITDA margin expansion guidance versus 2025 is unchanged.
Lone Pine Capital dissolved its stake in Q1 2026, and several insiders including director Stanley Tang and COO Prabir Adarkar executed planned sales, which are typical RSU-related transactions that do not reflect a change in fundamental view.
At around $157, with 44 analysts recommending buy or outperform and a mean target near $246, DoorDash stock is priced as though the grocery ramp, the international compounding, and the Deliveroo EBITDA contribution are not yet in the model. They are. The stock is undervalued.
Is DoorDash Stock Undervalued in 2026? TIKR’s $820 Model Points to a Long Runway
TIKR’s base case values DoorDash at approximately $820 by December 2030, implying around 423% total return from the current price of around $157, or roughly 44% annualized over approximately 4.6 years.
If DoorDash stock sustains its current revenue growth rate and the grocery and international businesses approach their structural profitability milestones, the mid case of around $820 and approximately 44% annualized return is the outcome, with the EBITDA compounding from all three global brands the primary driver.
If the gas relief program extends through the second half, Deliveroo integration drag persists, or grocery monetization stalls, the low case of around $872 by December 2034 still implies roughly 22% annualized return, meaning even the bear scenario carries substantial long-term upside from current prices.
If advertising accelerates above the current run rate, the technology replatforming delivers the velocity gains management describes, and DoorDash captures share in the Delivery Hero deal, the high case of approximately $1,788 by December 2034 reflects roughly 33% annualized returns. The asymmetry between these outcomes is pronounced, and it is anchored in a business that has already demonstrated the unit economics work at scale.
Is DoorDash stock a buy right now?
At around $157, DoorDash stock trades roughly 57% below the analyst consensus mean target of around $246, with 44 of 44 rated analysts recommending buy or outperform and zero sell ratings.
TIKR’s base case model implies approximately $820 by December 2030, or roughly 44% annualized return.
The near-term risk is the gas relief cost headwind of over $50 million in Q2, but management has confirmed full-year EBITDA guidance is unchanged.
What is the price target for DASH stock?
The Street mean target for DASH stock is approximately $246, with a high target of $350. The consensus is built across 44 analysts with a buy or outperform recommendation, and no analyst currently carries a sell rating.
TIKR’s proprietary base-case model projects a mid-case target of around $820 by December 2030, with the low case around $872 by 2034 and the high case approximately $1,788.
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