NYSE:DASH
Doordash (DASH)
Financials 
Technical Analysis 
Jul 10, 2026, 12:00 amThis summary was created by AI, based on 6 opinions in the last 12 months.
DoorDash (DASH) has faced significant scrutiny from analysts, especially following a disappointing earnings report in which it missed both top and bottom line expectations. Despite this negativity, some experts express confidence in DASH's solid brand recognition and substantial market share, controlling around 65% of the U.S. food delivery market. They highlight the company's evolving business model as it expands from solely food delivery into a broader local commerce platform, which includes grocery and retail services. Future growth projections appear strong, with expected earnings growth rates between 30-35% and revenue anticipated to soar past $16 billion by 2026. Nonetheless, competition, particularly from Uber, is a constant concern, prompting investors to seek evidence of sustainable scaling without excessive cash burn.
The $53 billion valuation may be too high. Maybe after we all get vaccinations, people may return to restaurants and use DD less, or we could get used to DD food delivery. Even if they everything goes right for them, it isn't worth this valuation. Also, its competitors like GrubHub are smart.
They IPO Wednesday and will be the biggest debut this year after Snowflake. They have 390,000 merchants and 18 million customers. They've processed 900 million orders. Food delivery become essential during Covid. Meanwhile, Doordash has bought competitors and the space has actively consolidated. Covid has accelerated it development because of the lockdowns. DD is the biggest player in food delivery, taking 50% market share. There's a lot of room to grow. They are expanding into groceries and flowers. DD is unprofitable given huge marketing costs, but these costs are worth attracting more customers. Revenues grew 204% YOY, total orders by 217% and gross order volume 186%. It's far from profitable, but margins are widening. DASH will be priced at $90-95 at IPO, less than 7x 2021 sales estimates, but he thinks $100 is reasonable, but no more--business will slow a lot next year when society reopens. He predicts a pullback in 2021.
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