Key Stats for DoorDash Stock
- Price change for DoorDash stock in last 6 months: 14%
- $DASH Stock Price as of Aug. 5: $207
- 52-Week High: $286
- $DASH Stock Price Target: $245
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What Happened?
DoorDash (DASH) reported Q2 revenue of $4.45 billion, beating the $4.34 billion analysts had forecast and marking 36% growth from a year ago. Adjusted earnings per share came in at $1.47, beating estimates of $1.23.
That in-line profit number, paired with an otherwise strong quarter, appears to be why DoorDash stock didn’t get much of a lift.
Marketplace gross order value, which tracks the total dollar amount of orders placed on the platform, reached $33.1 billion. That’s up 36% year over year, or 23% when excluding the Deliveroo acquisition. Total orders climbed to 970 million, up 27% from a year ago.
Adjusted EBITDA came in at $914 million, representing a 2.76% margin on gross order value, a 6 percentage point improvement from last year.
The company pointed to several bright spots during its earnings call. DashPass, DoorDash’s subscription program, posted its highest year-over-year subscriber growth in the last two years.
On a trailing twelve-month basis, the company added more DashPass members than in the previous two years combined.
CFO Ravi Inukonda said restaurant growth accelerated during the quarter and that new verticals like grocery are on track to turn gross profit positive by the end of the year.
International growth was another highlight. Deliveroo, DoorDash’s UK-based delivery service, is seeing accelerating volume growth and improving unit economics.
CEO Tony Xu said the segment’s growth in cohort data is some of the strongest DoorDash has seen in years.
Wall Street firms responded positively to the results even as the stock dipped.
BofA Securities raised its price target on DoorDash to $275 from $272, keeping a Buy rating. The firm cited expectations for improving margins in the back half of the year.
Evercore ISI reiterated an Outperform rating with a $300 price target, raising its 2026 and 2027 estimates for gross order value, revenue, and adjusted EBITDA following the report.
DoorDash traded at $210 in after-hours action following the earnings release. Over the past six months, DoorDash stock has returned around 13%.
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What the Market Is Telling Us About DoorDash Stock
The muted move in DoorDash stock despite beating revenue estimates shows investors were looking for more than just a top-line win.
With adjusted EPS landing exactly at expectations, there wasn’t much of a surprise to drive shares meaningfully higher.
Still, the underlying business trends, record DashPass growth, accelerating international momentum, and improving margins, point to a company executing well even if the stock’s reaction was tepid.
Analysts largely stayed bullish, suggesting Wall Street sees this quarter as a continuation of DoorDash’s growth story rather than a reason for concern.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
