Guggenheim Reiterates Buy Rating on DoorDash with $255 Target
Guggenheim analyst Taylor Manley reaffirmed a Buy rating on DoorDash, Inc., targeting $255, a 44.40% upside from the current price.
Key Points
- Guggenheim reiterated its Buy rating on DoorDash, Inc. with a price target of $255 on June 23, 2026.
- Guggenheim's $255 price target implies 44.40% upside from DoorDash, Inc.'s ($DASH) current $176.59 share price.
- DoorDash, Inc. shares traded at $174.84 on Tuesday, with a market cap of $74.98 billion and a P/E ratio of 81.17.
- Recent insider activity at DoorDash includes multiple purchases and sales, with analyst consensus leaning towards a Buy.
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Guggenheim has reiterated its Buy rating on DoorDash, Inc. (NasdaqGS: DASH), setting a price target of $255. The analyst responsible, Taylor Manley, made this announcement on June 23, 2026. On Tuesday, DoorDash shares were trading at approximately $174.84.
DoorDash, Inc. Stock Down 25.4%
Shares of DoorDash, Inc. (NasdaqGS: DASH) traded near $174.84 on Tuesday. The company has a market cap of about $74.98 billion and a P/E ratio of 81.17. Its forward P/E stands at 22.01, and the stock has a beta of 1.811. Over the past year, the stock has ranged from a low of $143.30 to a high of $285.50. The 50-day moving average is $164.36, while the 200-day moving average is $202.40. DoorDash's financial health is indicated by a current ratio of 1.43 and a quick ratio of 1.12, with a debt-to-equity ratio of 32.19.
$DASH price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
DoorDash reported revenue of approximately $14.72 billion, showing a growth rate of 33.1%. The company posted an EPS of $2.12, with a net margin of 6.29% and a return on equity of 9.92%. The next earnings report is expected on August 10, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target cuts vs 2 raises.
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EPS & revenue
EPS beat estimates by 13.0%. Revenue missed estimates by 4.5%.
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Profit surprise
EBITDA missed by 39 percent. Operating income beat by 24 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
2 target raises, 5 target cuts.
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Earnings quality
Operating margin down 1.4 points. Negative free cash flow.
Earnings Call Summary
Q1 revenue came in at 4.04 billion dollars, missing the 4.23 billion dollar consensus by about 190 million dollars, though EPS beat at 42 cents versus 38 cents expected. Management credited monthly active users hitting record highs, subscription engagement accelerating, and strong international momentum, especially at Deliveroo and Bolt. CEO Tony Xu emphasized the company is building end-to-end shopping experiences with AI, expanded Dasher Fulfillment Services for grocery accuracy, and grew advertising to record levels. New verticals like grocery are trending toward gross profit breakeven in the second half with improving unit economics as cohorts grow their basket sizes over time.
Guidance DoorDash reaffirmed its full year outlook for EBITDA margins to be slightly higher than 2025, excluding restaurant unit economics. Management said they expect the second half EBITDA to be higher than the first half, with similar margins to what was planned at the start of the year. The company noted a 50 million dollar gas rewards program impact in the quarter and said they may extend it, but plan to offset it with other cost moves.
Very weak report. The release materially worsened the forward outlook.
Insider Buying and Selling at DoorDash, Inc.
Recent insider transactions at DoorDash include several purchases on June 10, 2026. Notable insiders such as Lin Alfred, Still Ashley, Blackburn Jeffrey, Mertz Elinor, and Piacentini Diego each acquired 1,986 shares. Additionally, Ashley Still sold 1,164 shares at an average price of $153.58.
Analysts Set New Price Targets
On June 23, 2026, Guggenheim reiterated its Buy rating on DoorDash with a $255 price target. Other analysts have also shown confidence in DoorDash. BTIG maintained a Buy rating with a $225 target on June 12, 2026, while Citigroup set a $250 target with a Buy rating on May 8, 2026. The consensus among analysts is a Buy rating, with an average target price of $244.68 based on 42 opinions.
About DoorDash, Inc.
DoorDash, Inc. is a San Francisco-based company operating in the consumer cyclical sector, specifically in internet retail. Founded in 2013, the company connects merchants, consumers, and delivery drivers through its platforms, including DoorDash Marketplace and Wolt Marketplace. Led by CEO Tony Xu, DoorDash provides services such as order fulfillment, payment processing, and customer support, and offers membership programs like DashPass.
Bottom Line
Guggenheim's reaffirmation of a Buy rating with a $255 target reflects ongoing optimism about DoorDash's potential. Investors keep a close eye on such analyst updates to gauge market sentiment. It's important to remember that these ratings are based on past data and may not indicate future performance.
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