DoorDash (DASH) Price Target Lowered by $30 Following Mixed Q1 Results

DoorDash, Inc. (NASDAQ:DASH) is included among the 10 Best US Stocks to Invest in According to Billionaires.

DoorDash (DASH) Price Target Lowered by $30 Following Mixed Q1 Results

DoorDash, Inc. (NASDAQ:DASH) is an on-demand delivery platform that connects customers with local restaurants, grocery stores, and retailers.

On May 8, Citi trimmed its price target on DoorDash, Inc. (NASDAQ:DASH) from $280 to $250, but kept its ‘Buy’ rating on the shares. The lowered target still indicates an upside of 61% from the current price level.

DoorDash, Inc. (NASDAQ:DASH) reported its Q1 results on May 6, with the company’s adjusted EPS of $1.14 beating expectations by $0.07. However, its revenue of $4 billion fell below estimates, despite a YoY growth of over 33%.

The online food delivery company’s total orders surged by 27% YoY during the quarter to 933 million. Marketplace GOV also increased by 37% to $31.6 billion. Moreover, DoorDash attracted more new customers in its US grocery business in Q1 2026 than in any previous quarter.

DoorDash, Inc. (NASDAQ:DASH) expects Q2 Marketplace GOV to be in the range of $32.4 billion to $33.4 billion, while adjusted EBITDA is guided at between $770 million and $870 million.

Artisan Partners, an investment management company, stated the following regarding DoorDash, Inc. (NASDAQ:DASH) in its Q1 2026 investor letter:

“Our biggest detractors in Q1 were DoorDash, Inc. (NASDAQ:DASH), MongoDB and ROBLOX. DoorDash operates a technology-driven local commerce marketplace. While the stock declined alongside the broader market, underlying results remained strong, with organic gross order volume up 25% and EBITDA up 29%. We increased our position on the pullback during the quarter, as results reinforced our view that DoorDash is gaining share across restaurant, retail and grocery delivery.”

While we acknowledge the risk and potential of DASH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DASH and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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