DoorDash stock price target raised to $305 from $235 at Loop Capital

Investing.com

Published Jul 15, 2025 08:20AM ET

DoorDash stock price target raised to $305 from $235 at Loop Capital

Investing.com - Loop Capital raised its price target on DoorDash Inc. (NASDAQ:DASH) to $305.00 from $235.00 on Tuesday, while maintaining a Buy rating on the stock. The company's shares, currently trading at $242.85, have delivered an impressive 129.86% return over the past year, according to InvestingPro data.

The firm views DoorDash as a core holding for long-term growth investors, positioned to capture the majority of what it describes as a massive opportunity in local commerce. Loop Capital specifically highlighted restaurants as a natural starting point with high-frequency use cases generating over $1 trillion in annual sales in the U.S. The company's strong market position is reflected in its 23.35% revenue growth and positive net income of $339 million in the last twelve months, though InvestingPro analysis suggests the stock is currently trading above its Fair Value.

Loop Capital noted that DoorDash's enterprise offering continues to expand into restaurant operations, with the SevenRooms acquisition providing a new SaaS layer for CRM and enhanced marketing solutions.

The firm believes the stock is beginning to factor in synergies from the proposed Deliveroo (OTC:DROOF) acquisition. Loop Capital has included $175 million in headquarters and group-level cost savings by 2027 in its estimates, while not incorporating any operational or revenue synergies.

The updated price target is based on newly introduced 2027 forecasts, with Loop Capital also modestly raising its near-term estimates for the food delivery company.

In other recent news, DoorDash has seen several significant developments. Raymond James upgraded DoorDash's stock rating from Outperform to Strong Buy, citing synergy potential with its acquisition of Deliveroo and raising the price target to $260. Meanwhile, Citizens JMP also increased its price target for DoorDash to $250, expressing confidence in the company's growth potential and margin expansion. BTIG raised its price target to $265, attributing this to accelerating order volume growth and maintaining a positive outlook on DoorDash's fundamentals. However, Jefferies downgraded DoorDash from Buy to Hold, despite raising the price target to $250, due to concerns about affordability initiatives potentially affecting future revenue growth.

Additionally, DoorDash has partnered with Flytrex to launch a drone delivery service in the Dallas-Fort Worth area, expanding its delivery capabilities. This service, which follows a successful pilot program, aims to reach over 30,000 households with plans for further expansion. These recent developments indicate a dynamic period for DoorDash, with various analyst firms adjusting their ratings and price targets based on different growth and synergy factors.

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