DoorDash (DASH) Stock Forecast & Price Target

DoorDash is experiencing robust financial performance, with mid-teens organic Gross Order Value (GOV) growth anticipated for 2026 and 2027, alongside a reported adjusted EBITDA growth rate projected to exceed 30% per year. The company reported an impressive 21% year-over-year growth in orders for the third quarter, contributing to a GOV acceleration of 25% year-over-year, while also witnessing significant increases in monthly active users and DashPass subscriptions. Furthermore, DoorDash's strategic investments in technology and new products, including its recent expansion into European markets through the acquisition of Wolt, position the firm for sustained, long-term growth across its diverse marketplace offerings.

DoorDash has demonstrated robust growth, with expectations of accelerating gross order value (GOV) moving from $129 billion to $132 billion; however, EBITDA estimates for 2026 are being revised downwards to $3.7 billion due to planned investments that will compress margins. Despite positive indicators like a strong quarterly performance, the company faces investor skepticism stemming from a shift toward prioritizing investments over margin expansion, leading to concerns about future profitability. Additional risks include potential regulatory challenges affecting the business model, increased competition within the delivery sector, and the significant control held by the co-founders over company decisions, which may further undermine investor confidence.