Analysts See Autonomous Delivery Boosting DoorDash (DASH) Adoption Despite Market Competition

DoorDash, Inc. (NASDAQ:DASH) ranks among the most active stocks to buy according to Wall Street analysts. With a price target of $335, Citizens JMP reaffirmed its Market Outperform rating for DoorDash, Inc. (NASDAQ:DASH) on August 25. The firm emphasized the potential impact of autonomous delivery technologies on its operations while retaining its optimistic view of the food delivery platform.

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JMP stated that “Autonomy could significantly lower the variable cost of delivery, which would likely further accelerate adoption for DoorDash.”

In another vein, the European Union is expected to examine DoorDash’s $3.9 billion acquisition of Deliveroo through its streamlined merger process. Deliveroo is worth about 2.9 billion pounds as a result of this acquisition, which marks an important milestone in the meal delivery industry.

One of the largest online food delivery companies in the United States, DoorDash, Inc. (NASDAQ:DASH) operates a delivery platform based in San Francisco, California. Historically, the company has categorized itself into five business segments: platform services, advertising, non-restaurant services, international restaurants, and US restaurants.

While we acknowledge the potential of DASH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DASH and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.