Oppenheimer raised DoorDash's price target to $280 on strong growth and profitability upside

From Bloomberg: 2025-06-30 15:34:00

Oppenheimer raised DoorDash’s price target to $280 from $220, citing accelerating profitability and strong order volumes. The firm highlighted $1 billion in advertising revenue as a key indicator of profitability. EBITDA margins are expected to increase from 2.8% in 2025 to 3.5% by 2027, with a 30% CAGR. The pending Deliveroo acquisition could be 9% accretive to 2027 EBITDA.



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