New Platinum Card Offers $250 DoorDash Credit as Price Target Cuts to $280
Robinhood’s new $695 Platinum Card grants $250 annual DoorDash credit via DashPass, offering up to three $10 discounts in January and two per other month. Analysts trimmed DoorDash’s price target from $283 to $280 while maintaining Buy rating and forecasting EBITDA growth as 2026 investments ramp up.
1. Robinhood Platinum Card Benefit for DoorDash Customers
The new $695 Platinum Card from Robinhood includes a $250 annual DoorDash credit activated via DashPass, providing three $10 discounts in January and two per month thereafter on orders over $50. This benefit requires use of the card for qualifying deliveries and enrollment in DashPass.
2. Analyst Price Target Revision and Rating
A major brokerage firm reduced DoorDash’s price target from $283 to $280 while keeping a Buy rating, implying roughly 59% upside potential. The revision reflects near-term pressure but confidence in the company’s growth trajectory.
3. 2026 Investment Priorities and EBITDA Outlook
DoorDash plans to prioritize investment in grocery, retail and international operations throughout 2026, aiming to improve unit economics despite expected low profit margins. Management and analysts forecast EBITDA to trend higher as scale and reinvestment efforts take hold.