DoorDash climbs on strong Q1 order forecast
ReutersFeb 19, 2026 9:50 AM
Shares of food delivery platform DoorDash DASH.O up 12% at $194.70 premarket
Co on Wednesday forecast Q1 marketplace gross order value (GOV) above Wall Street expectations, supported by steady demand and rapid expansion in grocery, retail and international markets
Expects total value of orders placed through its platform in the range of $31 billion to $31.8 billion in Q1, above estimates of $29.61 billion
Co's GOV for the quarter ended December 31 rose 39% to $29.68 billion, beating estimates of $27.65 billion
36 of 47 brokerages rate the stock "buy" or higher, 11 "hold"; their median PT is $275 - data compiled by LSEG
As of last close, stock down 23.26% YTD
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