DoorDash Shares Reach New 52-Week Peak at $247.98

DoorDash Inc. (NASDAQ:DASH) stock soared to a fresh 52-week high of $247.98, signaling a major milestone for the food delivery leader. The company’s strong financial position is reflected in its current ratio of 1.72, and it holds more cash on hand than outstanding debt. Over the past year, DoorDash’s shares have surged an impressive 129.42%, driven by solid revenue growth of 23.35% to $11.24 billion in the last twelve months. This growth momentum reflects investor confidence and the company’s strategic efforts to expand its footprint and strengthen partnerships in a highly competitive market.

Recent developments have further boosted investor sentiment around DoorDash. BTIG analysts raised their price target for the stock to $265, emphasizing the accelerating order volume and noting that DoorDash currently trades at a healthy premium relative to its projected 2026 free cash flow. Similarly, Raymond James upgraded DoorDash to a Strong Buy, increasing the target price to $260. The firm cited the often-overlooked potential synergies from DoorDash’s acquisition of Deliveroo as a key factor in anticipated EBITDA expansion.

On the innovation front, DoorDash teamed up with Flytrex to introduce a drone delivery service in the Dallas-Fort Worth area, with plans to broaden the program. Additionally, Citizens JMP raised its price target to $235, buoyed by DoorDash’s launch of AI-driven advertising tools and the recent acquisition of Symbiosys. The firm highlighted the growing advertising revenue, which surpassed a $1 billion annual run rate last year. JMP Securities maintained its Market Outperform rating with a $235 target, pointing to untapped opportunities in monetizing first-party data to drive further ad revenue growth.

Doordash stock price


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