Is DoorDash (DASH) One of the Best Revenue Growth Stocks to Buy?

DoorDash, Inc. (NASDAQ:DASH) is one of the 12 Best Revenue Growth Stocks to Buy According to Wall Street Analysts. On May 12, Citizens reiterated its Market Outperform rating on DoorDash, Inc. (NASDAQ:DASH) with a price target of $250 on the stock.

The research firm pointed out that the stock trades at around 14.8 times its 2027 estimated EBITDA of $4.6 billion. The $250 price target is based on a higher multiple of 24 times the same 2027 EBITDA estimate. Citizens noted that DoorDash, Inc. (NASDAQ:DASH) trades at a premium to Uber Technologies, Inc. (NYSE:UBER).

The firm did not change its estimates due to uncertainty around DoorDash, Inc.’s (NASDAQ:DASH) Pathfinder and its go-to-market strategy. Citizens noted payments represent a major growth opportunity beyond delivery. The firm said this could support the company’s multi-year capacity to sustain growth.

This update comes as Citizens assesses DoorDash, Inc.’s (NASDAQ:DASH) expansion into payment services alongside its core delivery business.

DoorDash, Inc. (NASDAQ:DASH) is a technology company that operates a platform connecting consumers with merchants for on-demand delivery services to facilitate the delivery of food, groceries, and retail items.

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