Strong tracking data indicate that DoorDash Inc. (NASDAQ:DASH) may report its third-quarter results at the high end of its guidance and raise estimates to reflect the recent acquisition of Deliveroo (OTC:DLVEY), according to BTIG.
- DASH is in positive territory. Get the market research here.
The DoorDash Analyst: Analyst Jake Fuller reiterated a Buy rating and price target of $315.
The DoorDash Thesis: Strong underlying trends indicate that the company could meet the high-end of its GOV (gross merchandize value) guidance of 21%-23%, Fuller said in the note.
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Fuller stated that he expects DoorDash to report order growth of 14% and GOV of 16%, while commenting, "The bigger unknown is whether DASH will flow through GOV upside or reinvest?"
The analyst raised the fourth-quarter estimates for GOV from $25.8 billion to $27.5 billion and for 2026 from $115.5 billion to $128.9 billion. He also raised the revenue estimates for the fourth quarter from $3.5 billion to $4.0 billion and for 2026 from $15.9 billion to $19.5 billion.
DASH Price Action: DoorDash shares were up 0.94% at $265.52 at the time of publication on Monday. The stock is approaching its 52-week high of $285.50. This upward momentum reflects a strong year-to-date performance of 55.6%, indicating robust investor confidence as the company continues to capitalize on the growing demand for food delivery services.
From a technical perspective, DoorDash is currently trading approximately 2.3% higher than its 50-day moving average, suggesting a bullish short-term trend.
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