BTIG Rates DoorDash (DASH) Buy, $225 Price Target
Key Points
- BTIG reiterated its Buy rating on DoorDash, Inc. on October 21, 2026, maintaining its $225.0 price target.
- BTIG's $225 price target implies 17.33% upside from DoorDash, Inc.'s ($DASH) current $191.76 share price.
- DoorDash shares recently traded around $191.76, sitting below the analyst consensus mean price target of $257.37.
- The company reported trailing twelve-month revenue of $15.89 billion alongside a net profit margin of 5.3%.
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On October 21, 2026, research firm BTIG reaffirmed its Buy rating on DoorDash, Inc. (NASDAQ:DASH) while keeping its price target steady at $225.0. The note outlines the firm's forward-looking perspective on the delivery platform as shares trade on the NasdaqGS. DoorDash closed at $191.67 on October 20, 2026. Prior to this update, the firm also held a $225.0 price target on the stock.
DASH
DoorDash, Inc.
BTIG vs. the S&P 500
Hypothetical returns from BTIG's disclosed trades, not real profit or advice. How we model this.
BTIG's Call on DoorDash, Inc.
In its research note published on October 21, 2026, BTIG maintained its Buy stance on DoorDash, Inc. and left its price target unchanged at $225.0. The firm's target matches its previous level of $225.0. BTIG's rating represents a forward-looking view on the company's prospects in the digital commerce space.
Other Institutional Activity in DoorDash, Inc.
Sc Us (ttgp), Ltd. held its position steady, ending with 31,595,084 shares worth about $6.06 billion.
DoorDash, Inc. Stock Up 1.4%
DoorDash shares recently traded around $191.76 as of October 21, 2026, staying roughly equal to its $191.67 close from the previous session. The stock trades below its 50-day moving average of $204.47 and above its 200-day moving average of $184.62. Shares sit 28.7% below their 52-week high of $269.00 and 33.8% above their 52-week low of $143.30. The recent price is also below the analyst consensus mean price target of $257.37.
$DASH price target
DoorDash, Inc. daily closes and this analyst's $225 target. Not advice.
Recent Earnings
DoorDash reported trailing-twelve-month revenue of $15,891,003,200 and earnings of $1.90 per share. The company posted a net profit margin of 5.3% and a return on equity of 8.9%. Its next earnings report is scheduled for November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target cuts vs 2 raises.
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EPS & revenue
EPS beat estimates by 13.0%. Revenue missed estimates by 4.5%.
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Profit surprise
EBITDA missed by 39 percent. Operating income beat by 24 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
2 target raises, 5 target cuts.
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Earnings quality
Operating margin down 1.4 points. Negative free cash flow.
Earnings Call Summary
Q1 revenue came in at 4.04 billion dollars, missing the 4.23 billion dollar consensus by about 190 million dollars, though EPS beat at 42 cents versus 38 cents expected. Management credited monthly active users hitting record highs, subscription engagement accelerating, and strong international momentum, especially at Deliveroo and Bolt. CEO Tony Xu emphasized the company is building end-to-end shopping experiences with AI, expanded Dasher Fulfillment Services for grocery accuracy, and grew advertising to record levels. New verticals like grocery are trending toward gross profit breakeven in the second half with improving unit economics as cohorts grow their basket sizes over time.
Guidance DoorDash reaffirmed its full year outlook for EBITDA margins to be slightly higher than 2025, excluding restaurant unit economics. Management said they expect the second half EBITDA to be higher than the first half, with similar margins to what was planned at the start of the year. The company noted a 50 million dollar gas rewards program impact in the quarter and said they may extend it, but plan to offset it with other cost moves.
Very weak report. The release materially worsened the forward outlook.
Insider Buying and Selling at DoorDash, Inc.
Insiders completed several transactions ahead of the rating update, including sales by Director Andy Fang, Director Weirui Stanley Tang, and Chief Financial Officer Inukonda Ravi.
Analysts Set New Price Targets
Several other firms updated their views on DoorDash prior to BTIG's note. On September 9, 2026, Scotiabank initiated coverage with a Sector Outperform rating and a $275.0 price target. Later, Wells Fargo maintained an Equal-Weight rating on October 5, 2026, raising its target from $225.0 to $230.0. Cantor Fitzgerald maintained an Overweight rating on October 12, 2026, lowering its target from $260.0 to $240.0. Guggenheim reiterated a Buy rating on October 14, 2026, with a $255.0 target. Wall Street maintains a consensus Buy recommendation on the stock with a mean price target of $257.37 across 42 analyst opinions.
About DoorDash, Inc.
DoorDash, Inc. operates digital commerce platforms that connect merchants, consumers, and delivery workers in the United States and international markets. The company runs services including DoorDash Marketplace, Wolt Marketplace, and Deliveroo Marketplace to handle customer acquisition, order fulfillment, and payment processing.
Bottom Line
Investors will look toward DoorDash's upcoming earnings report on November 4, 2026, for new details on financial performance and delivery volume trends.
Related Filing Alerts
Source: BTIG's rating change on $DASH (Oct 21, 2026). Written by software, not financial advice. How we make alerts