Added to YB: 2026-08-10
Pitch date: 2026-08-06
DASH [neutral]
DoorDash, Inc.
Author Info
No bio for this author
Company Info
DoorDash, Inc., together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and dashers in the United States and internationally.
Market Cap
$92.4B
Pitch Price
N/A
Price Target
260.00 (+25%)
Dividend
N/A
EV/EBITDA
57.53
P/E
111.98
EV/Sales
5.69
Sector
Hotels, Restaurants and Leisure
Category
growth
DoorDash 2Q26 Earnings: Unpriced Lever
DASH (earnings): Q2 adj EBITDA $914M beat consensus 8.4%; adj gross margin 54.2% (+200bps YoY, all-time high) via cheaper fulfillment, not take rate (13.5%, flat). GAAP op income $156M (-4.3% YoY). DashPass flywheel driving grocery; ads under-disclosed = re-rating catalyst. Deliveroo turned contribution-positive; $1.05B buybacks. Trades ~24x clean FCF ($3.7-3.8B). SBC 7.8% rev, legal add-backs recurring. Prob-weighted 2029 value ~$260 vs $208 (~25% upside).
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