DoorDash stock price target raised to $288 from $238 at BMO Capital

Investing.com - BMO Capital raised its price target on DoorDash Inc. (NASDAQ:DASH) to $288 from $238 on Thursday, while maintaining an Outperform rating on the stock. The stock, currently trading near its 52-week high of $259.87, has delivered an impressive 112% return over the past year.

The price target increase follows DoorDash’s strong second-quarter 2025 performance, which showed a 3% gross order value (GOV) beat that drove 3.7% and 2.7% upside on revenue and adjusted EBITDA, respectively. According to InvestingPro data, the company maintains robust financials with a healthy current ratio of 1.66 and strong revenue growth of 23.8% in the last twelve months.

DoorDash’s third-quarter 2025 guidance also exceeded expectations, with GOV and adjusted EBITDA coming in 3% and 2% above consensus at the midpoint.

BMO Capital attributed the outperformance to an acceleration in order volume, driven by continued membership adoption through DashPass and Wolt+ programs, along with new verticals that help increase order frequency.

The firm noted that new verticals continue to expand, with both order frequency and unit economics for these new business areas showing improvement.

In other recent news, several investment firms have raised their price targets for DoorDash Inc., reflecting optimism about the company’s growth prospects. Needham increased its price target to $300, maintaining a Buy rating, citing DoorDash’s accelerating growth and potential for margin expansion. UBS also adjusted its target to $280, highlighting strong topline growth trends and DoorDash’s performance relative to Uber (NYSE:UBER) Eats. Wells Fargo (NYSE:WFC) raised its price target to $280, pointing to a long runway of growth in the U.S. market driven by DashPass membership and new verticals. Wolfe Research set a new target of $310, following a strong quarter marked by increased user engagement and improving unit economics. Raymond (NSE:RYMD) James went further, raising its target to $325, attributing the increase to DoorDash’s strong core execution and the success of its loyalty programs like DashPass and Wolt+. These developments underscore a positive outlook from analysts regarding DoorDash’s future performance.

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