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DoorDash Inc. (DASH) has established itself as the leading online food ordering platform, and it’s looking to extend its lead with investments in autonomous vehicles and deliveries. Rising order demand has fueled enticing financial results, but a high stock valuation and low margins may be obstacles to a further rally.
In this article, we’ll look at DASH’s latest share price, Wall Street sentiment, multiyear price forecasts, and the key factors that are playing a critical role in the company’s path going forward.
Current Stock Overview
Market Cap: $101.57 billion
Trailing P/E Ratio: 148.40
Forward P/E Ratio: 62.89
1-Year Return: 67%
2025 YTD: 54%
Shares of DoorDash are currently trading around $259, about 8% off a 52-week high set in October but well above a 52-week low of $155. That rally has driven the stock’s trailing P/E ratio to 148.4 compared with rival Uber’s (UBER) 16.46, indicating that investors have very high expectations for future growth.
DoorDash’s Q2 results, reported in August, support a bull case. Total orders increased by 20% year-over-year, demonstrating that existing customers are ordering food more often, while the company attracts new customers. Revenue increased by 25%.
Even with that growth, DoorDash still has a low profit margin of 6.57%, and it could shrink further if competitors like Uber and Wonder Group, which owns Grubhub, gain market share or lower their prices.
DoorDash is aiming to get ahead of the competition by partnering with Waymo for an autonomous delivery service. It also has its own autonomous robot called Dot that’s fulfilling some orders.
DASH is a consensus Buy with a price target of $287.46 based on the ratings of 35 analysts. The high is $360 from Evercore ISI Group on August 8, 2025. The low is $193 from Roth MKM on February 12, 2025. The three most recent targets from UBS, Goldman Sachs, and Barclays average $301 with an implied 17% upside.
Quick Snapshot Table of Predictions & Methodology for Forecasting
Year | Bearish Prediction | Average Prediction | Bullish Prediction |
|---|---|---|---|
2025 | $77.88 | $25.16 | $129.47 |
2026 | $26.59 | $43.42 | $79.68 |
2027 | $28.51 | $41.59 | $56.44 |
2028 | $52.24 | $70.66 | $95.13 |
2029 | $88.18 | $117.46 | $172.93 |
2030 | $30.51 | $53.43 | $102.01 |
The forecast range in this table is based on algorithmic projections provided by CoinCodex. These models use historical price trends, volatility patterns, and moving averages to estimate future stock prices over multiple time horizons.
Bull & Bear Case
DoorDash’s high revenue growth is up against a soaring stock valuation, and a lot is riding on the company’s ability to innovate.
Bull Case
- DoorDash is delivering exceptional revenue growth
- Order growth remains strong, and the company recently processed its 10 billionth order
- DoorDash’s autonomous investments can cut costs while boosting future revenue, keeping it ahead of the competition
Bear Case
- DASH stock trades at a very high P/E ratio
- Despite high sales growth, the company has low profit margins
- Expansion from competitors could cut into market share
Stock Price Prediction for 2025
CoinCodex projects a significant downside for DoorDash stock by the end of 2025, and none of its price targets suggest much promise. The biggest immediate hurdle for DASH is its lofty valuation, and weaker-than-expected Q3 results may impact the stock price.
Stock Price Prediction for 2026
CoinCodex forecasts a steep decline for DoorDash stock in 2026. The company’s autonomous efforts would have to fall flat, and its competitors would have to innovate much quicker for this forecast to hold up.
Stock Price Prediction for 2030
CoinCodex sees even further declines for DASH with its 2030 forecast. Revenue growth would have to completely contract for the stock to fall to any of its forecasts, with autonomous deliveries failing completely.
Investment Considerations
DoorDash is a fast-growing company with rising order volumes. It’s investing in autonomous deliveries, which can boost revenue and margins. However, the stock has a high valuation, and increased competition can keep future gains in check.
The stock may be suitable for growth investors who are willing to take more risk for the opportunity to outperform the stock market.
Frequently Asked Questions
How does Doordash’s market share compare to top rival Uber Eats?
DoorDash currently holds 67% of the market share for food delivery, with Uber Eats coming in second at 23%, according to research from SaaS company Deliverect.
What is the current consensus rating for DASH stock?
DASH is a consensus Buy with a price target of $287.46 based on the ratings of 35 analysts..
Does DASH stock pay a dividend?
DASH stock currently does not pay a dividend. The company reinvests profits back into the business.
