Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com - BTIG raised its price target on DoorDash Inc. (NASDAQ:DASH) to $315 from $265 on Thursday, while maintaining a Buy rating following the company’s strong second-quarter results and third-quarter guidance. The stock, currently trading at $268.44, has delivered an impressive 53.85% return year-to-date, according to InvestingPro data.
The food delivery platform demonstrated accelerating topline growth, with BTIG highlighting that upside was driven by increases in both order volume and average selling price. This is reflected in DoorDash’s robust 23.78% revenue growth over the last twelve months, reaching $11.89 billion. The firm noted DoorDash referenced strong cohort behavior, rising order frequency, international expansion, and growth in new verticals.
BTIG now models DoorDash’s 2025 gross order value growth at 22% with an EBITDA margin of approximately 21%, projecting absolute EBITDA to reach $2.8 billion for the year.
The research firm indicated that current estimates have not yet incorporated DoorDash’s pending acquisition of Deliveroo (OTC:DROOF), which is expected to push 2026 EBITDA to more than $4.0 billion.
BTIG’s price target increase reflects both higher numerical projections and the inclusion of Deliveroo on a pro forma basis, according to the firm’s analysis. With an overall Financial Health Score of "GREAT" on InvestingPro, which offers 14 additional investment tips for DoorDash, analysts maintain a bullish consensus with price targets ranging from $179 to $360.
In other recent news, DoorDash’s second-quarter earnings have been a focal point, with results exceeding expectations and driving various analyst firms to raise their price targets. Stifel increased its price target to $239, noting that DoorDash’s gross order value and EBITDA surpassed the company’s guidance. Truist Securities, impressed by DoorDash’s "stellar" results and positive third-quarter guidance, raised its price target to $326, highlighting the company’s accelerating growth and product improvements. Roth/MKM adjusted its target to $265, citing the strong earnings report that aligned with the high end of the company’s guidance. BMO Capital also raised its target to $288, attributing the increase to a 3% beat in gross order value, which led to revenue and adjusted EBITDA upsides. Lastly, Needham set a new price target of $300, emphasizing DoorDash’s growth potential and margin expansion as reasons for the elevated valuation. These developments reflect a positive outlook from analysts following the company’s recent performance.
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