DoorDash Closes $2.75 Billion Convertible Notes Offering

DoorDash ( (DASH) ) has provided an update.

On May 30, 2025, DoorDash announced the closing of its $2.75 billion private offering of 0% convertible senior notes due 2030, sold to qualified institutional buyers. The proceeds, approximately $2.72 billion after fees, will enhance strategic flexibility, fund a convertible note hedge to mitigate share dilution, and support general corporate purposes, including potential acquisitions and stock repurchases.

The most recent analyst rating on (DASH) stock is a Hold with a $120.00 price target. To see the full list of analyst forecasts on DoorDash stock, see the DASH Stock Forecast page.

Spark’s Take on DASH Stock

According to Spark, TipRanks’ AI Analyst, DASH is a Outperform.

DoorDash’s overall stock score reflects robust financial performance and strategic growth initiatives, notably the acquisition of Deliveroo. However, valuation concerns due to the high P/E ratio and mixed technical indicators temper the outlook. The company’s strong earnings call and corporate moves suggest a positive long-term trajectory, appealing to growth-oriented investors.

To see Spark’s full report on DASH stock, click here.

More about DoorDash

DoorDash (NASDAQ: DASH) is a leading global local commerce platform that facilitates business growth and innovation, connects consumers to local offerings, and provides flexible earning opportunities. Founded in 2013, DoorDash has expanded to over 30 countries, leveraging technology and logistics to shape the future of commerce through its Marketplace and Commerce Platform.

Average Trading Volume: 6,269,505

Technical Sentiment Signal: Buy

Current Market Cap: $88.41B

Learn more about DASH stock on TipRanks’ Stock Analysis page.