DoorDash Stock Price (DASH) Hits A New High Into Earnings – What To Expect

DoorDash's stock (NASDAQ: DASH) has been riding a wave of optimism into earnings, with its stock price surging to a new all-time high this morning at $259.87, before pulling back as the day moves on. A touch of volatility ahead of the company's highly anticipated second-quarter 2025 earnings report, scheduled for release before the market opens tomorrow.

Wall Street analysts are largely optimistic, with a consensus Earnings Per Share (EPS) estimate of $0.43 and expected revenue of $3.16 billion for the quarter. The projected 20.26% year-over-year revenue growth is fueled by several factors, including increased order volume, enhanced logistics efficiency, and strategic partnerships.

Recent strategic moves have further bolstered investor confidence. The company's aggressive expansion strategy, including the acquisition of Deliveroo for $3.9 billion and SevenRooms for $1.2 billion, signals a commitment to international growth and diversification beyond food delivery.

These acquisitions aim to strengthen DoorDash's position in the broader local commerce ecosystem, offering restaurant booking services and expanding its reach in the UK and Europe.

Several analyst firms have recently adjusted their price targets for DoorDash, reflecting this optimism. Bernstein Research raised its target to $265, citing confidence in the company's fundamentals and Gross Order Value (GOV) growth.

Raymond James reiterated a “Strong Buy” rating, increasing its target to $275, projecting substantial ad revenue potential by 2027. Loop Capital is even more bullish, setting a price target of $305, emphasizing DoorDash's long-term growth prospects and expansion into restaurant operations.

However, not all analysts are convinced. Jefferies, for instance, downgraded DoorDash from “Buy” to “Hold,” expressing concerns about the sustainability of the current valuation, even while raising its price target to $250.

Leading up to the earnings report, analysts have revised EPS expectations, with upgrades for 9 and downgrades for 2.

While the market is celebrating DoorDash's ascent, a contrarian perspective suggests caution. The food delivery market is fiercely competitive, with rivals like Uber Eats and Grubhub constantly vying for market share. DoorDash's high valuation leaves little room for error, and any misstep in execution or a slowdown in growth could trigger a significant correction.