How DoorDash (DASH) Is Turning Platform Growth Into a Conviction-List Case

DoorDash, Inc. (NASDAQ:DASH) is one of the best stocks to buy according to Goldman Sachs’ Conviction List. Goldman added the stock to its U.S. Conviction List on February 2, saying the company was well-positioned both cyclically and secularly into 2026, with revenue growth supported by a healthy consumer. The firm kept its Buy rating on May 7, though it trimmed its price target to $280 from $286 after DoorDash’s Q1 report. Goldman pointed to platform growth, tech-stack improvements, advertising strength, and an outlook where 2026 EBITDA is expected to grow slightly faster than gross order value, excluding Deliveroo.

DoorDash’s latest numbers give that view some backing. On May 6, the company said Q1 2026 Marketplace GOV rose 37% year-over-year, or 24% excluding Deliveroo, while revenue increased 33%, or 21% excluding Deliveroo. The company also highlighted stronger U.S. restaurant engagement, growth in grocery and retail, faster DashPass member growth, and early progress in integrating Deliveroo and its broader global technology platform. DoorDash guided for Q2 2026 Marketplace GOV of $32.4 billion to $33.4 billion and adjusted EBITDA of $770 million to $870 million.

How DoorDash (DASH) Is Turning Platform Growth Into a Conviction-List Case

DoorDash, Inc. (NASDAQ:DASH) is a local commerce platform that connects consumers with restaurants, grocers, retailers, and other merchants, while also providing logistics, membership, advertising, and merchant tools across more than 30 countries.

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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