DoorDash, Inc. (DASH)

The shares of DoorDash (DASH; $196.46; E/W) declined 17% today after the company produced Q3 results and guidance that more than lived up to Street expectations. However, DASH also warned of a much-heightened level of…

Earlier today, we listened to brief presentations from a range of executives and senior managers during DoorDash’s (DASH; $271.99; E/W) Dash Forward 2025 Event, including CEO Tony Xu and Chief Operating Officer Prabir Adarkar. Importantly,…

Yesterday (8/20), DoorDash (DASH; $243.12; E/W) announced that it is significantly expanding on its Commerce Platform with new tools aimed at helping merchants grow direct sales and deepen consumer relationships across a range of channels…

We are raising our 2025/2026E EBITDA for DoorDash (DASH; $263.02; E/W) from $2.65B/$3.3B to $2.75B/$3.5B after the company produced another better-than-expected set of results and guidance. Specifically, DASH produced Q2 Gross Order Value (GOV) of…

This morning, DoorDash (DASH; $218.46; E/W) announced it acquired privately held Symbiosys, an advertising technology provider, for $175mm, as part of a major update to its high margin advertising business. At the same time, DASH…

DoorDash (DASH; $190.11; E/W) announced some major geographic and platform expansion plans with Q1 results and guidance that lived up to Street expectations. Most importantly, DASH announced an agreement to acquire Deliveroo (ROO.GB; £1.75; NR)…

On Friday, Deliveroo (ROO.GB; £1.72; NR) disclosed it received an all-cash takeover proposal from DoorDash (DASH; $187.76; E/W) on April 5th to purchase the company in its entirety for 180 pence per Deliveroo share or…

Yesterday, Domino’s Pizza (DPZ; $468.35; NR) announced a new partnership with DoorDash (DASH; $189.25; E/W), which allows its customers, initially just in the U.S. to order from the pizza delivery chain through DASH’s marketplace. Keep…

We raise our 2025E EBITDA for DoorDash (DASH; $205.64; E/W) from $2,375mm to $2,600mm (+37% YoY vs. +60% in 2024) after the company produced basically as expected Q4 results with Q1E guidance that was ahead…

We adjust our 2024/2025E EBITDA for DoorDash (DASH; $155.82; E/W) from $1,875mm/$2,275mm to $1,900mm/$2,375mm (+60% and +25% YoY) after the company produced better than expected Q3 results with guidance that was basically in line with…

Last week, DoorDash (DASH; $142.14; E/W) introduced a new suite of products aimed at helping merchants manage and expand their businesses. We think this announcement provides further support for the idea that the company is…

We raise our adjusted 2024/2025E EBITDA for DoorDash (DASH; $117.23; E/W) from $1,650mm /$2,050mm to $1,850mm/$2,275mm after the company produced a healthy “beat and raise” with Q2 results and outlook. DASH produced Q2 gross order…

DoorDash (DASH; $108.20; E/W) reported Q2 gross order value (GOV) of $19.7B (+20% YoY), which was ahead of our $19.25B and the Street’s $19.33B, leading to sales of $2,630mm (+5% QoQ and +23% YoY) that…

We assume DoorDash (DASH; $106.31; E/W) still aims to be within its Q2 guidance range when it reports on Thursday (8/1 after market) and that investor expectations are set appropriately for these goals. Recall, management…

DoorDash (DASH; $110.70; E/W) recently disclosed it expanded on-demand alcohol delivery services with the addition of several grocers and liquor stores, including brands under the Ahold Delhaize banner, as it also introduced a new suite…