Home / Business and Economy / DoorDash Earnings Growth Projections Soar, Stifel Raises Price Target
DoorDash Earnings Growth Projections Soar, Stifel Raises Price Target
5 Nov
Summary
- Stifel maintains Hold rating on DoorDash, boosts price target to $255
- Deliveroo deal's impact to be acknowledged in upcoming earnings report
- DoorDash operates in over 30 countries through its marketplace platforms
According to the latest analysis, DoorDash, Inc. (NASDAQ:DASH) is poised to deliver exceptional earnings growth over the next 5 years. In a recent update, investment firm Stifel has maintained its Hold rating on DoorDash, but has significantly increased its price target on the company's shares from $239 to $255.
The price target hike is based on Stifel's forward-looking valuation model, which now extends its forecasts to the fourth quarter of 2025. Notably, the firm plans to acknowledge the impact of DoorDash's recent acquisition of Deliveroo during the company's upcoming earnings report, recognizing any potential upside to its 2026 projections.
DoorDash operates the DoorDash Marketplace and Wolt Marketplace, connecting merchants, consumers, and independent contractors across more than 30 countries worldwide. While the company's growth potential is recognized, some analysts believe that certain AI stocks may offer even greater upside potential with less downside risk.
