DoorDash Price Target Cut to $90 by Stifel, Raised to $95 by RBC
Stifel lowered its DoorDash price target to $90 from $100, citing slower-than-expected order volume growth, while maintaining its Buy rating. RBC Capital Markets raised its target to $95 from $85, highlighting improved profitability outlook and affirming an Outperform rating.
1. Analyst Price Target Adjustments
Stifel reduced its DoorDash price target by 10% to $90 from $100, attributing the cut to slower-than-anticipated order volume growth trends. The firm maintained its Buy recommendation, noting the company’s long-term advantages in market share.
2. Positive Profitability Outlook at RBC
RBC Capital Markets raised its price target to $95 from $85 on expectations that DoorDash will achieve higher profit margins through operational efficiencies. The firm kept its Outperform rating, pointing to accelerating unit economics improvements.
3. Implications for Investors
These divergent target moves reflect contrasting views on DoorDash’s near-term growth versus profitability trajectory. Investors should weigh the slower volume expansion flagged by Stifel against RBC’s bullish margin forecasts when assessing valuation.