This is why Wall Street Firms are Optimistic about DoorDash Inc. (DASH)’s Long-Term Outlook
Key takeaways
- This is why Wall Street Firms are Optimistic about Door Dash Inc.
- The research firm trimmed its price target to reflect broader compression in internet marketplace multiples.
- Continued product improvements and healthy consumer demand trends drove a 27% increase in orders in the first quarter to 933 million.
This is why Wall Street Firms are Optimistic about Door Dash Inc. (DASH)’s Long-Term Outlook Neha Gupta Sun, May 17, 2026 at 11:54 PM GMT+7 2 min read DASH Door Dash, Inc. (NASDAQ:DASH) is one of billionaire Steve Cohen’s large-cap stock picks with the highest upside potential. On May 8, analysts at DA Davidson reiterated a Neutral rating on Door Dash Inc. (NASDAQ:DASH) and lowered the price target to $200 from $224.
The research firm trimmed its price target to reflect broader compression in internet marketplace multiples. Amid the price target cut, it has reiterated resilient consumer demand that was the catalyst behind solid first-quarter earnings and guidance.
Continued product improvements and healthy consumer demand trends drove a 27% increase in orders in the first quarter to 933 million. Consequently, revenue increased 33% year over year to $4 billion as adjusted EBITDA increased 28% to $754 million.