DoorDash price target raised to $255 from $239 at Stifel on Deliveroo acquisition

Investing.com - Stifel has raised its price target on DoorDash Inc. (NASDAQ:DASH) to $255 from $239 while maintaining a Hold rating on the stock. The food delivery giant has demonstrated strong momentum, with a 71.7% return over the past year and revenue growth of 23.8% in the last twelve months. According to InvestingPro data, the company maintains robust financials with 14 additional key insights available to subscribers.

The research firm kept its estimates unchanged as it awaits additional commentary on the pacing and impact of the Deliveroo acquisition, which was completed on October 2.

Stifel plans to recognize the impact of the acquisition after DoorDash’s upcoming earnings report, acknowledging potential upside to its 2026 estimates before incorporating Deliveroo’s contribution.

The price target increase reflects Stifel’s forward-looking valuation model, which now rolls next-twelve-months estimates forward to the fourth quarter of 2025.

DoorDash completed its acquisition of Deliveroo earlier this month, a strategic move that expands the food delivery company’s international presence.

In other recent news, DoorDash has made several notable moves that may interest investors. The company recently acquired Deliveroo, which has led Barclays to reinstate coverage of DoorDash with an Equalweight rating and a $272 price target. This acquisition is expected to contribute significantly to DoorDash’s fourth-quarter and future gross order value. Meanwhile, Truist Securities has raised its price target for DoorDash to $340, maintaining a Buy rating, citing growth in U.S. gross order value that has exceeded expectations. Additionally, BTIG has reiterated its Buy rating and a $315 price target, factoring in the Deliveroo acquisition’s projected impact on gross order values.

In another development, DoorDash announced a partnership with Waymo to introduce an autonomous delivery service in Metro Phoenix, which has already started testing. This initiative will initially use Waymo’s autonomous vehicles for deliveries from DashMart, with plans to expand to other merchants. However, the company has faced allegations from Culper Research, claiming that DoorDash has been onboarding unauthorized workers through a "backdoor" process, potentially affecting a significant portion of deliveries. Despite these allegations, DoorDash’s stock has shown resilience, continuing to rise.

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