DoorDash Gets $200 Target as GOV Jumps 37% and EBITDA Gains 28%
DoorDash's Q1 adjusted EBITDA rose 28% to $754M and marketplace order value jumped 37% to $31.6B, prompting D.A. Davidson to boost the price target to $200, implying a 19.7% upside from $167.12. Analysts split on forecasts after EPS beat at $0.42 and revenue of $4.04B fell short.
1. Analyst Price Target Revision
D.A. Davidson raised its DoorDash price target to $200, implying a 19.7% upside from the $167.12 share price at announcement. Other brokers issued mixed updates, with five raising forecasts and Goldman Sachs plus Piper Sandler trimming projections.
2. Q1 Financial and Operational Highlights
DoorDash reported Q1 earnings of $0.42 per share, above estimates, while revenue of $4.04 billion narrowly missed projections. Marketplace gross order value climbed 37% year-over-year to $31.6 billion, total orders rose 27% to 933 million, and adjusted EBITDA increased 28% to $754 million.
3. Analyst Sentiment Divergence and Market Reaction
Shares rose modestly after the earnings release as investors weighed strong platform metrics despite the revenue shortfall. Divergent analyst views highlight uncertainty over sustained profitability, with some firms maintaining bullish outlooks and others adopting a more cautious stance.