DoorDash stock price target raised to $335 from $250 at Citizens JMP

Investing.com - Citizens JMP analyst raised the price target on DoorDash Inc. (NASDAQ:DASH) to $335 from $250 while maintaining a Market Outperform rating following the company’s second-quarter results. The stock, currently trading near its 52-week high, has delivered impressive returns of 112% over the past year, according to InvestingPro data.

DoorDash reported accelerated order growth of 20% year-over-year in Q2 2025, representing a two percentage point increase from the previous quarter. The company’s gross order value exceeded the high end of its guidance by $544 million, while EBITDA surpassed the high end of guidance by $5 million. With a market capitalization of $109.36 billion and revenue growth of 23.35%, DoorDash maintains a GREAT financial health score according to InvestingPro’s comprehensive analysis.

The midpoint of DoorDash’s third-quarter gross order value guidance came in 3% above consensus estimates. The company is experiencing accelerating growth across monthly active users, DashPass, and Wolt+ subscriptions, while user frequency remains at all-time highs.

Citizens JMP noted that DoorDash continues to unlock growth through product improvements that enhance consumer experiences. The firm highlighted several growth catalysts, including the company’s expectation to become the leader in New Verticals orders within the next year, its expanded marketing capabilities following the SevenRooms acquisition, and the anticipated closure of the Deliveroo (OTC:DROOF) deal by year-end.

Despite acknowledging more challenging valuation following earnings, with the stock trading at a P/E ratio of 300x, Citizens JMP cited DoorDash’s "massive TAM and best-in-class execution" as reasons for maintaining its bullish stance on the stock. Discover 15 additional key insights about DoorDash with InvestingPro’s exclusive research report.

In other recent news, DoorDash Inc. reported its second-quarter 2025 earnings, showcasing results that exceeded market expectations. The company achieved an earnings per share of $0.65, surpassing the forecasted $0.43, marking a 51.16% surprise. Additionally, DoorDash’s revenue reached $3.3 billion, outpacing the anticipated $3.16 billion. These impressive financial results highlight the company’s strong performance in the quarter. Following the earnings announcement, DoorDash’s stock experienced a significant surge. This recent development is likely to draw attention from investors and analysts alike.

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