DoorDash, Inc. (NASDAQ: DASH) has been one of the strongest performers in 2025, trading near $271/share after climbing roughly 80% over the past year. Revenue growth remains solid, profitability is improving, and investors are starting to view DoorDash as a long-term logistics platform rather than just a delivery app.
Recently, the company launched new retail and grocery partnerships with chains like Aldi and Lowe’s, expanding beyond restaurants into broader local commerce. DoorDash also reported stronger-than-expected earnings in its latest quarter, with improving contribution margins and positive free cash flow. These developments show that DoorDash is evolving into a more diversified and efficient business even as competition in delivery continues to rise.
This article explores where Wall Street analysts expect DoorDash to trade by 2027. We have combined consensus forecasts and TIKR’s valuation model to outline the stock’s potential path based on current market expectations. These figures reflect analyst estimates, not TIKR’s own predictions.
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Analyst Price Targets Suggest Modest Upside
DoorDash trades near $271/share today. The average analyst price target is about $300/share, suggesting roughly 10% upside over the next year. Forecasts vary widely, showing mixed conviction across Wall Street:
- High estimate: ~$360/share
- Low estimate: ~$205/share
- Median target: ~$300/share
- Ratings: 23 Buys, 7 Outperforms, 11 Holds, 1 Underperform, 1 Sell
For investors, this points to a modest upside scenario after a strong rally. Analysts remain confident in DoorDash’s path to sustained profitability but see limited near-term catalysts. The company’s valuation already reflects much of the optimism, meaning future gains will depend on continued earnings growth and success in expanding beyond food delivery.
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DoorDash: Growth Outlook and Valuation
The company’s fundamentals appear strong and steadily improving:
- Revenue Growth (CAGR 2025–2027): ~20.9%
- Operating Margin (2027 Forecast): ~12.5%
- Forward P/E: ~43×
- Based on analysts’ average estimates, TIKR’s Guided Valuation Model using a 43× forward P/E suggests ~$468/share by 2027
- That implies about 73% upside, or roughly 28% annualized returns
For investors, these numbers show that DoorDash is maturing from a high-growth disruptor into a profitable platform business. The valuation model reflects confidence in margin expansion and operational efficiency, but execution remains critical. If management continues to control costs while scaling new categories like grocery and retail, DoorDash could maintain its strong compounding potential.
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What’s Driving the Optimism?
DoorDash has evolved from a food delivery app into a broader logistics platform that connects consumers with restaurants, retailers, and grocery stores. This expansion into everyday essentials opens new growth channels while boosting customer loyalty through DashPass subscriptions and faster delivery options.
Management is also executing well on profitability. Contribution margins have expanded, and free cash flow has turned positive as the company improves routing efficiency and reduces delivery costs. For investors, these trends suggest DoorDash is building a scalable, high-margin business with durable earnings potential.
Bear Case: Competition and Valuation Pressure
Despite its progress, DoorDash faces intense competition from Uber Eats and Amazon’s expanding local delivery network. Both rivals have greater scale and resources, which could limit DoorDash’s pricing flexibility and share gains in certain markets.
Valuation is another key concern. The stock trades near 43× forward earnings, reflecting strong optimism about long-term growth. For investors, the risk is that even small setbacks in order growth or profitability could lead to volatility, since much of the good news appears priced in.
Outlook for 2027: What Could DoorDash Be Worth
Based on analysts’ average estimates, TIKR’s Guided Valuation Model suggests DoorDash could trade near $468/share by 2027. That would represent about a 73% gain from today’s level, or roughly 28% annualized returns.
For investors, this outlook assumes continued progress on efficiency, margin expansion, and diversification. If DoorDash can sustain 20% annual revenue growth and execute on its multi-vertical strategy, it could justify its premium valuation and deliver strong long-term returns.
However, if competition intensifies or spending slows, the stock could consolidate before resuming its upward path. Overall, DoorDash looks like a promising growth story built on improving profitability, disciplined management, and expanding opportunities across local commerce.
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