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Investing.com - Bernstein SocGen Group raised its price target on DoorDash Inc. (NASDAQ:DASH) to $310 from $265 on Thursday, while maintaining an Outperform rating on the food delivery company’s stock. The new target reflects DoorDash’s impressive market performance, with the stock delivering a 112% return over the past year.
The price target increase follows what the research firm described as a strong quarterly earnings report that exceeded market expectations. DoorDash’s business showed acceleration in the second quarter of 2025, with strength expected to continue into the third quarter. The company’s revenue grew 23.8% year-over-year, reaching $11.9 billion in the last twelve months, while maintaining a healthy gross margin of 51%.
Bernstein SocGen highlighted encouraging trends in both new and existing customer cohorts, which it believes demonstrates strength in DoorDash’s customer acquisition funnel and its retention and engagement strategy.
Following the quarterly results, Bernstein SocGen raised its Gross Order Value (GOV) estimates by approximately 5%, which subsequently increased its EBITDA forecast by about 6%.
The research firm noted that the quarterly performance "offered yet another reminder that high quality Internet stocks are usually expensive for a reason," suggesting the premium valuation for DoorDash shares is justified by its business performance. This aligns with InvestingPro data showing the stock trading at relatively high valuation multiples, though current analysis suggests the shares are fairly valued based on comprehensive Fair Value calculations.
In other recent news, DoorDash has seen a series of upward revisions in its stock price target following its robust quarterly performance. Cantor Fitzgerald increased its price target to $330, citing strong growth in gross order value, which surpassed the company’s guidance. RBC Capital also raised its target to $300, noting that DoorDash’s quarterly results exceeded expectations across nearly every metric, with third-quarter guidance surpassing Wall Street estimates. KeyBanc set a new target of $325, highlighting improvements in consumer experience and reduced delivery times as key factors driving results.
Piper Sandler adjusted its price target to $290, describing DoorDash’s results as "impressive" with notable acceleration in orders and gross order value. BTIG raised its target to $315, maintaining a Buy rating and emphasizing increased order volume and average selling price as drivers of topline growth. These developments reflect a positive consensus among analysts regarding DoorDash’s recent financial performance and future prospects. The consistent upgrades across various firms underscore the company’s strong execution and strategic initiatives.
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