DoorDash soars on strong outlook; Piper Sandler lifts target price
ReutersAug 7, 2025 9:58 AM
Shares of DoorDash DASH.O rise almost 9% to $282.19 premarket
Forecasts Q3 gross merchandise value between $24.2-24.7 bln vs estimates of $23.73 bln, according to data compiled by LSEG
Piper Sandler raises PT to $290 from $210; maintains "neutral" rating
Cites management execution and rising demand for DoorDash’s core offerings
DASH appears to be having success with adding new customers and driving order frequency via rising selection and DashPass growth - Piper Sandler
On average, DASH rated "buy" by 42 analysts; median PT is $260 - data compiled by LSEG
YTD, as of last close, DASH up nearly 54%
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