DoorDash Q1 EPS of $0.42 Beats, Analysts Hike Targets to $293
DASH•DoorDash reported Q1 EPS of $0.42, beating estimates by $0.06 while revenue reached $4.04 billion against a $4.14 billion consensus. Five analysts raised their price targets—BMO to $293—with shares jumping about 4% and a volatility score of 84 driving heavy options activity.
1. Q1 Earnings vs. Estimates
DoorDash delivered Q1 EPS of $0.42 per share, exceeding consensus by $0.06. Revenue came in at $4.04 billion, slightly below the $4.14 billion expected, reflecting robust unit economics but mixed top-line growth.
2. Analyst Price Target Revisions
Five analysts increased their price targets following the report, with BMO adjusting its target from $288 to $293. The 12-month consensus price target now stands at $249.54, implying significant upside to current valuation.
3. Trading and Volatility Dynamics
Shares rose roughly 4% after the results, testing resistance near the 100-day moving average. The stock's volatility score reached 84 out of 100, and options volume surged to nearly 20,000 contracts, led by the January 175 calls.
