Analyst Consensus ?
ConsensusBuy40 ratings
Bullish3075.0%
Neutral1025.0%
Bearish00.0%
DoorDash, Inc. · DASH · FY2025 Q4 · Calendar Q1 2026
DoorDash: Europe and New Verticals Strengthen the Growth Story
The supplied analysis supports a constructive but execution-dependent thesis: European expansion, retail and grocery scaling, subscriptions and advertising broaden DoorDash's growth drivers, while the near-term trade-off is heavier investment and execution risk.
Reported After market closeNASDAQCommunication Services
$79.98B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.48
Consensus $0.59
EPS surprise
-18.6%
Reported versus consensus
Reported revenue
$3.96B
Consensus $4.00B
Revenue surprise
-1.0%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+1.6%
Event window
SPY move
-0.3%
Same window
Abnormal move
+1.9%
Stock minus SPY
Volume
3.2×
Versus trailing sessions
Subsequent drift
-9.6%
Up to 20 sessions
DASHSPY benchmark
Ask FN2 about DASH FY2025 Q4
Transcript, numbers and history already loaded
Why did DASH rise 1.6% after missing EPS estimates in FY2025 Q4?What changed in DASH's guidance and outlook in FY2025 Q4?Give me the bull and bear case for DASH after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the supplied Q4 analysis adds evidence of faster European growth after the Deliveroo acquisition, continued Wolt integration, retail and grocery unit economics targeted for positivity in H2 2026, and a front-loaded technology and autonomy investment profile extending mainly through 2026 with smaller spillover into 2027.
Guidance delta
Maintained: the supplied analysis says full-year 2026 EBITDA guidance was unchanged, with modest margin improvement expected.
Key takeaways
- Management highlighted faster European growth following the Deliveroo acquisition, with international operations growing faster than the U.S. in the supplied analysis.
- Retail and grocery are expected to reach positive unit economics in the second half of 2026, according to management's outlook as summarized in the event analysis.
- DashPass subscriptions reached a record year and advertising continued to expand across restaurant, grocery and retail segments.
- The growth plan requires substantial investment in a unified technology platform and autonomous delivery, concentrating much of the spending in 2026.
Management priorities
- Integrate Deliveroo and Wolt into DoorDash's platform.
- Scale DashMart Fulfillment Services and expand the warehouse footprint.
- Deploy and orchestrate autonomous delivery through DoorDash Dot and drones.
- Complete global technology-stack consolidation while expanding merchant services and DashPass.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$183.55Previous close
$60Low
$224.48Average
$350High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| StoneX | Buy | Buy | Maintain | Sep 8, 2026 |
| Wedbush | Neutral | Neutral | Maintain | Aug 20, 2026 |
| Roth Capital | Neutral | Neutral | Maintain | Aug 10, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Aug 7, 2026 |
| Susquehanna | Positive | Positive | Maintain | Aug 7, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 6, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 6, 2026 |
| TD Cowen | Buy | Buy | Maintain | Aug 6, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Aug 6, 2026 |
| Needham | Buy | Buy | Maintain | Aug 6, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 6, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Aug 6, 2026 |
| BTIG | Buy | Buy | Maintain | Aug 6, 2026 |
| Benchmark | Buy | Buy | Maintain | Aug 6, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 6, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Jul 14, 2026 |
| Jefferies | Buy | Buy | Maintain | Jul 14, 2026 |
| Guggenheim | Buy | Buy | Maintain | Jun 23, 2026 |
| DA Davidson | Neutral | Neutral | Maintain | May 7, 2026 |
| Stifel | Hold | Hold | Maintain | Apr 13, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Mar 3, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Feb 20, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Feb 19, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Feb 19, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Feb 19, 2026 |
| B of A Securities | Buy | Buy | Maintain | Feb 19, 2026 |
| Argus Research | Buy | Buy | Maintain | Dec 12, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Nov 7, 2025 |
| RBC Capital | Outperform | Outperform | Maintain | Nov 6, 2025 |
| JP Morgan | Overweight | Overweight | Maintain | Nov 6, 2025 |
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 20, 2025 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Aug 7, 2025 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Aug 7, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 7, 2025 |
| Loop Capital | Buy | Buy | Maintain | Feb 24, 2025 |
| Roth MKM | Neutral | Neutral | Maintain | Feb 12, 2025 |
| Wolfe Research | Outperform | Outperform | Maintain | Jan 3, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Apr 16, 2024 |
| MoffettNathanson | Buy | Neutral | Upgrade | Apr 11, 2024 |
| Gordon Haskett | Hold | Buy | Downgrade | Jun 14, 2023 |
Named analyst price targets
Upside is calculated against the persisted previous close $183.55. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Scotiabank | Analyst unavailable | $275 | $200.44 | +49.8% | Sep 9, 2026 |
| UBS | Analyst unavailable | $295 | $201.46 | +60.7% | Sep 8, 2026 |
| Wedbush | Analyst unavailable | $220 | $220.66 | +19.9% | Aug 20, 2026 |
| Roth Capital | Analyst unavailable | $220 | $212.56 | +19.9% | Aug 10, 2026 |
| Wells Fargo | Ken Gawrelski | $225 | $213.26 | +22.6% | Aug 7, 2026 |
| Susquehanna | Shyam Patil | $250 | $213.26 | +36.2% | Aug 7, 2026 |
| Truist Financial | Analyst unavailable | $336 | $213.1 | +83.1% | Aug 6, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $260 | $209.03 | +41.7% | Aug 6, 2026 |
| UBS | Stephen Ju | $225 | $207.27 | +22.6% | Aug 6, 2026 |
| Piper Sandler | Ross Sandler | $230 | $207.27 | +25.3% | Aug 6, 2026 |
| Wells Fargo | Analyst unavailable | $199 | $192.01 | +8.4% | Jul 6, 2026 |
| BTIG | Jake Fuller | $225 | $154.59 | +22.6% | Jun 12, 2026 |
| Argus Research | Taylor Conrad | $190 | $147.52 | +3.5% | Jun 11, 2026 |
| Redburn Partners | Analyst unavailable | $350 | $157.52 | +90.7% | May 12, 2026 |
| Susquehanna | Analyst unavailable | $225 | $166.44 | +22.6% | May 8, 2026 |
| D.A. Davidson | Analyst unavailable | $200 | $167.12 | +9.0% | May 7, 2026 |
| Truist Financial | Analyst unavailable | $330 | $172.57 | +79.8% | May 7, 2026 |
| Piper Sandler | Thomas Champion | $205 | $167.97 | +11.7% | May 7, 2026 |
| Goldman Sachs | Analyst unavailable | $280 | $167.97 | +52.5% | May 7, 2026 |
| MoffettNathanson | Analyst unavailable | $276 | $163.55 | +50.4% | Apr 15, 2026 |
| BTIG | Jake Fuller | $280 | $152.38 | +52.5% | Apr 10, 2026 |
| D.A. Davidson | Analyst unavailable | $224 | $174.56 | +22.0% | Feb 20, 2026 |
| Needham | Analyst unavailable | $265 | $182.26 | +44.4% | Feb 19, 2026 |
| Roth Capital | Rohit Kulkarni | $200 | $178.36 | +9.0% | Feb 19, 2026 |
| Evercore ISI | Analyst unavailable | $300 | $179.08 | +63.4% | Feb 19, 2026 |
| Oppenheimer | Analyst unavailable | $235 | $173.38 | +28.0% | Feb 19, 2026 |
| Bernstein | Analyst unavailable | $270 | $173.38 | +47.1% | Feb 19, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $230 | $173.38 | +25.3% | Feb 19, 2026 |
| UBS | Analyst unavailable | $240 | $173.38 | +30.8% | Feb 19, 2026 |
| Piper Sandler | Analyst unavailable | $220 | $173.38 | +19.9% | Feb 19, 2026 |
| Guggenheim | Analyst unavailable | $255 | $173.38 | +38.9% | Feb 19, 2026 |
| Morgan Stanley | Brian Nowak | $275 | $173.38 | +49.8% | Feb 19, 2026 |
| Wells Fargo | Analyst unavailable | $221 | $173.38 | +20.4% | Feb 19, 2026 |
| Barclays | Analyst unavailable | $220 | $173.38 | +19.9% | Feb 19, 2026 |
| UBS | Stephen Ju | $245 | $207.98 | +33.5% | Feb 2, 2026 |
| Goldman Sachs | Analyst unavailable | $267 | $204.62 | +45.5% | Feb 2, 2026 |
| Guggenheim | Analyst unavailable | $275 | $206.66 | +49.8% | Jan 29, 2026 |
| Stifel Nicolaus | Analyst unavailable | $224 | $209.41 | +22.0% | Jan 27, 2026 |
| KeyBanc | Justin Patterson | $275 | $206.48 | +49.8% | Jan 20, 2026 |
| UBS | Analyst unavailable | $275 | $205.32 | +49.8% | Jan 20, 2026 |
| BNP Paribas | Analyst unavailable | $280 | $217.4 | +52.5% | Jan 14, 2026 |
| Wells Fargo | Analyst unavailable | $251 | $230.52 | +36.7% | Jan 8, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $285 | $230.52 | +55.3% | Jan 8, 2026 |
| Wolfe Research | Analyst unavailable | $270 | $226.72 | +47.1% | Jan 5, 2026 |
| Wedbush | Analyst unavailable | $270 | $236.23 | +47.1% | Dec 19, 2025 |
| Argus Research | Taylor Conrad | $260 | $226.65 | +41.7% | Dec 12, 2025 |
| Jefferies | Analyst unavailable | $270 | $219.4 | +47.1% | Dec 11, 2025 |
| KeyBanc | Justin Patterson | $280 | $187.85 | +52.5% | Nov 21, 2025 |
| Jefferies | John Colantuoni | $260 | $212.08 | +41.7% | Nov 19, 2025 |
| Oppenheimer | Jason Helfstein | $280 | $199.88 | +52.5% | Nov 6, 2025 |
| Cantor Fitzgerald | Deepak Mathivanan | $270 | $202.26 | +47.1% | Nov 6, 2025 |
| UBS | Stephen Ju | $316 | $262.43 | +72.2% | Oct 28, 2025 |
| Goldman Sachs | Analyst unavailable | $315 | $258.15 | +71.6% | Oct 27, 2025 |
| Truist Financial | Youssef Squali | $340 | $249.39 | +85.2% | Oct 23, 2025 |
| Morgan Stanley | Analyst unavailable | $330 | $263.06 | +79.8% | Oct 20, 2025 |
| BTIG | Jake Fuller | $315 | $263.06 | +71.6% | Oct 20, 2025 |
| Jefferies | Analyst unavailable | $280 | $263.65 | +52.5% | Oct 17, 2025 |
| Guggenheim | Analyst unavailable | $330 | $270.54 | +79.8% | Oct 14, 2025 |
| Wells Fargo | Analyst unavailable | $301 | $270.09 | +64.0% | Oct 3, 2025 |
| Mizuho Securities | Analyst unavailable | $350 | $272.5 | +90.7% | Sep 29, 2025 |
| D.A. Davidson | Tom White | $260 | $257.43 | +41.7% | Sep 10, 2025 |
| Wells Fargo | Ken Gawrelski | $306 | $246.85 | +66.7% | Sep 5, 2025 |
| Susquehanna | Shyam Patil | $300 | $255.95 | +63.4% | Aug 11, 2025 |
| BMO Capital | Brian Pitz | $288 | $270.99 | +56.9% | Aug 7, 2025 |
| Wedbush | Scott Devitt | $280 | $270.99 | +52.5% | Aug 7, 2025 |
| Stifel Nicolaus | Mark Kelley | $239 | $270.99 | +30.2% | Aug 7, 2025 |
| Needham | Bernie McTernan | $300 | $270.99 | +63.4% | Aug 7, 2025 |
| Truist Financial | Youssef Squali | $326 | $270.99 | +77.6% | Aug 7, 2025 |
| KeyBanc | Justin Patterson | $325 | $263.88 | +77.1% | Aug 7, 2025 |
| Stifel Nicolaus | Mark Kelley | $198 | $214.97 | +7.9% | Jun 10, 2025 |
| D.A. Davidson | Tom White | $190 | $190.11 | +3.5% | May 7, 2025 |
| Wedbush | Scott Devitt | $200 | $190.11 | +9.0% | May 7, 2025 |
| Roth Capital | Rohit Kulkarni | $191 | $190.11 | +4.1% | May 7, 2025 |
| UBS | Stephen Ju | $196 | $190.11 | +6.8% | May 7, 2025 |
| Wells Fargo | Ken Gawrelski | $198 | $190.11 | +7.9% | May 7, 2025 |
| Cantor Fitzgerald | Deepak Mathivanan | $200 | $170 | +9.0% | Jan 7, 2025 |
| Wolfe Research | Shweta Khajuria | $220 | $173.7 | +19.9% | Jan 3, 2025 |
| Bank of America Securities | Michael McGovern | $172 | $155.25 | -6.3% | Oct 31, 2024 |
| Piper Sandler | Alexander Potter | $160 | $155.25 | -12.8% | Oct 31, 2024 |
| Needham | Bernie McTernan | $180 | $155.25 | -1.9% | Oct 31, 2024 |
| JMP Securities | Andrew Boone | $190 | $155.25 | +3.5% | Oct 31, 2024 |
| Piper Sandler | Ross Sandler | $163 | $155.25 | -11.2% | Oct 31, 2024 |
| Evercore ISI | Mark Mahaney | $200 | $155.25 | +9.0% | Oct 31, 2024 |
| BTIG | Jake Fuller | $175 | $155.25 | -4.7% | Oct 31, 2024 |
| Jefferies | John Colantuoni | $180 | $152.72 | -1.9% | Oct 22, 2024 |
| Truist Financial | Youssef Squali | $170 | $152.89 | -7.4% | Oct 22, 2024 |
| KeyBanc | Justin Patterson | $177 | $141.68 | -3.6% | Sep 25, 2024 |
| Raymond James | Josh Beck | $155 | $139.51 | -15.6% | Sep 23, 2024 |
| BTIG | Jake Fuller | $155 | $132.48 | -15.6% | Sep 19, 2024 |
| Cantor Fitzgerald | Deepak Mathivanan | $160 | $127.87 | -12.8% | Sep 5, 2024 |
| Citigroup | Ronald Josey | $155 | $119 | -15.6% | Aug 5, 2024 |
| D.A. Davidson | Tom White | $119 | $117.23 | -35.2% | Aug 5, 2024 |
| Susquehanna | Shyam Patil | $140 | $118.31 | -23.7% | Aug 5, 2024 |
| Jefferies | John Colantuoni | $155 | $121.3 | -15.6% | Aug 5, 2024 |
| Morgan Stanley | Brian Nowak | $150 | $117.32 | -18.3% | Aug 2, 2024 |
| Truist Financial | Youssef Squali | $150 | $116.93 | -18.3% | Aug 2, 2024 |
| Wolfe Research | Shweta Khajuria | $130 | $105.65 | -29.2% | Jul 15, 2024 |
| Deutsche Bank | Lee Horowitz | $155 | $115.47 | -15.6% | May 7, 2024 |
| RBC Capital | Brad Erickson | $165 | $127.46 | -10.1% | May 2, 2024 |
| Loop Capital Markets | Rob Sanderson | $170 | $130.1 | -7.4% | Apr 18, 2024 |
| MoffettNathanson | Michael Morton | $164 | $137.18 | -10.7% | Apr 11, 2024 |
| Wells Fargo | Ken Gawrelski | $125 | $138.78 | -31.9% | Apr 4, 2024 |
| Truist Financial | Youssef Squali | $155 | $139.69 | -15.6% | Mar 27, 2024 |
| JMP Securities | Andrew Boone | $160 | $139.53 | -12.8% | Mar 27, 2024 |
| Piper Sandler | Alexander Potter | $127 | $130.55 | -30.8% | Mar 15, 2024 |
| RBC Capital | Brad Erickson | $175 | $132.4 | -4.7% | Mar 4, 2024 |
| Morgan Stanley | Brian Nowak | $145 | $121.41 | -21.0% | Feb 22, 2024 |
| Raymond James | James Lee | $105 | $83.01 | -42.8% | Sep 18, 2023 |
| Needham | Bernie McTernan | $105 | $88.73 | -42.8% | Aug 3, 2023 |
| Roth Capital | Rohit Kulkarni | $72 | $59.56 | -60.8% | Apr 20, 2023 |
| JMP Securities | Andrew Boone | $100 | $59.73 | -45.5% | Mar 24, 2023 |
| Jefferies | Analyst unavailable | $37 | $48 | -79.8% | Jan 9, 2023 |
| Piper Sandler | Analyst unavailable | $40 | $48 | -78.2% | Jan 9, 2023 |
| Mizuho Securities | James Lee | $70 | $58.12 | -61.9% | Dec 14, 2022 |
| RBC Capital | Analyst unavailable | $60 | $57.12 | -67.3% | Dec 2, 2022 |
| Oppenheimer | Jason Helfstein | $70 | $51.4 | -61.9% | Nov 7, 2022 |
| Evercore ISI | Mark Mahaney | $122 | $81.36 | -33.5% | Aug 5, 2022 |
| Barclays | Analyst unavailable | $90 | $81.36 | -51.0% | Aug 5, 2022 |
| RBC Capital | Analyst unavailable | $100 | $81.36 | -45.5% | Aug 5, 2022 |
| Citigroup | Ronald Josey | $89.91 | $81.36 | -51.0% | Aug 5, 2022 |
| Citigroup | Analyst unavailable | $129 | $81.36 | -29.7% | Aug 5, 2022 |
| Citigroup | Analyst unavailable | $118 | $69.36 | -35.7% | Jul 7, 2022 |
| Needham | Bernie McTernan | $100 | $68.48 | -45.5% | Jul 6, 2022 |
| J.P. Morgan | Analyst unavailable | $90 | $66.68 | -51.0% | Jun 29, 2022 |
| Needham | Bernie McTernan | $100 | $71.15 | -45.5% | Jun 27, 2022 |
| Goldman Sachs | Eric Sheridan | $67 | $61.69 | -63.5% | Jun 21, 2022 |
| Truist Financial | Youssef Squali | $185 | $72.97 | +0.8% | Jun 3, 2022 |
| D.A. Davidson | Analyst unavailable | $82 | $68.49 | -55.3% | Jun 3, 2022 |
| JMP Securities | Analyst unavailable | $150 | $69.94 | -18.3% | Jun 2, 2022 |
| Evercore ISI | Analyst unavailable | $116 | $68.2 | -36.8% | Jun 2, 2022 |
| RBC Capital | Analyst unavailable | $94 | $74.46 | -48.8% | May 6, 2022 |
| Needham | Analyst unavailable | $140 | $73.15 | -23.7% | May 6, 2022 |
| Morgan Stanley | Brian Nowak | $100 | $87.39 | -45.5% | Apr 28, 2022 |
| Citigroup | Analyst unavailable | $155 | $106.51 | -15.6% | Apr 20, 2022 |
| Needham | Bernie McTernan | $160 | $105.03 | -12.8% | Feb 17, 2022 |
| JMP Securities | Andrew Boone | $200 | $105.03 | +9.0% | Feb 17, 2022 |
| Mizuho Securities | James Lee | $150 | $94.89 | -18.3% | Feb 16, 2022 |
| Evercore ISI | Mark Mahaney | $256 | $101.81 | +39.5% | Feb 15, 2022 |
| UBS | Lloyd Walmsley | $118 | $97.91 | -35.7% | Feb 7, 2022 |
| Piper Sandler | Alexander Potter | $227 | $214.24 | +23.7% | Nov 10, 2021 |
| CFRA | Angelo Zino | $230 | $214.24 | +25.3% | Nov 10, 2021 |
| Goldman Sachs | Eric Sheridan | $187 | $208.64 | +1.9% | Sep 13, 2021 |
Track every rating change on DASH the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationDoorDash, Inc. operates a comprehensive logistics platform globally and within the United States, linking merchants, consumers, and delivery personnel ('dashers'). Through its primary marketplaces, DoorDash and Wolt, the company provides essential services designed to help merchants overcome critical challenges, including customer acquisition, delivery logistics, data insights and analytics, merchandising support, payment processing, and customer assistance. Additionally, DoorDash offers subscription-based products like DashPass and Wolt+, alongside white-label delivery fulfillment services under DoorDash Drive and Wolt Drive. Its portfolio also includes DoorDash Storefront, which enables merchants to provide on-demand e-commerce access to their customers, and Bbot, a solution offering digital ordering and payment processing for both in-store and online channels. Founded in 2013 as Palo Alto Delivery Inc., the company officially adopted the name DoorDash, Inc. in 2015. It is headquartered in San Francisco, California.
Historical context
All DASH earningsLatest beats and misses
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Get the DASH recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-01T07:16:09.554759+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-01T07:16:09.551876+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-01. For educational purposes only; not investment advice.