DoorDash price target raised to $280 from $220 at Oppenheimer

Oppenheimer analyst Jason Helfstein raised the firm’s price target on DoorDash (DASH) to $280 from $220 and keeps an Outperform rating on the shares. The firm cites strong third-party data, while $1B advertising disclosure suggests further profitability ramp. Oppenheimer’s updated model suggests ramp to $2.6B by 2027 based on 2% of GB, with core take rate declining by 70bps on grocery investment. This would result in EBITDA margins increasing from 2.8% of GB in 2025 to 3.5% in 2027, or CAGR of +30%. Meanwhile, the pending Deliveroo acquisition should be 9% accretive to 2027 EBITDA, the firm adds.