DoorDash, Inc. (DASH)’s Buy Rating Upheld as Investments Signal Long-Term Growth Potential

We recently published an article titled 12 High Growth E-commerce Stocks To Buy. 

On January 29, Guggenheim lowered its price target on DoorDash, Inc. (NASDAQ:DASH) to $275 from $280 while reiterating a Buy rating ahead of the company’s Q4 earnings report scheduled for February 18. The modest reduction reflects expectations that elevated investment spending will continue to weigh on margins into 2027. However, the maintained Buy rating underscores confidence that these investments are strategic in nature and designed to strengthen DoorDash’s long-term competitive position rather than signal any deterioration in core demand or execution.

DoorDash, Inc. (NASDAQ:DASH) continues to build toward its ambition of becoming a leading global local commerce platform. During its Q3 earnings call in November, management outlined plans to accelerate expansion across Europe, leveraging the acquisition of Deliveroo alongside its prior success with Wolt. These assets give DoorDash an established footprint, local market expertise, and operational scale that would be difficult and costly to replicate organically. Over time, this international expansion meaningfully increases the company’s total addressable market beyond food delivery alone. At the same time, DoorDash, Inc. (NASDAQ:DASH) is investing aggressively in next-generation capabilities, including DashMart Fulfillment Services, autonomous delivery initiatives, and a new global technology platform. These investments are expected to improve efficiency, expand selection, and enhance unit economics over the long run. While near-term profitability may be pressured, they position the company to capture a greater share of local commerce spending as consumer behavior continues to shift online.

Founded in 2013 and headquartered in San Francisco, DoorDash, Inc. (NASDAQ:DASH) is the largest food delivery platform in the U.S., commanding roughly 56% market share. With category leadership, expanding international reach, and a clear roadmap to broaden its ecosystem, DoorDash remains an attractive long-term growth story for investors willing to look through near-term investment drag. DoorDash’s average five-year revenue growth of over 64% places it among the high-growth e-commerce stocks to buy.

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