"Goldman highlighted sustained platform growth across key verticals, continued tech stack improvements, and solid ad performance from both small businesses and large advertisers. The firm also flagged 2026 EBITDA growing slightly faster than gross order value (GOV), excluding Deliveroo, supporting its bullish stance."
"Champion noted that DoorDash's Q1 results were roughly in line, but shares popped about 10% after hours because Q2 GOV guidance of $32.4 billion to $33.4 billion came in ahead of consensus. Expectations had been low heading in, mostly tied to fuel cost pressures."
"DoorDash's adjusted EBITDA margin as a percent of marketplace GOV slipped to 2% from 3%, and GAAP net income fell 5% to $184 million despite the revenue surge. The fuel cost dynamic is central. Rising gas prices squeeze drivers, and DoorDash is absorbing some of that pain: Q2 carries more than $50 million in Dasher gas relief costs."
DoorDash received mixed analyst reactions after Q1 2026 earnings. Goldman Sachs cut its price target to $280 from $286 while maintaining a Buy rating, citing sustained platform growth and strong ad performance. Piper Sandler lowered its target to $205 from $220, keeping a Neutral stance. Despite target reductions, DASH stock jumped 10% after hours on better-than-expected Q2 guidance of $32.4-$33.4 billion in gross order value. Q1 revenue grew 33% year-over-year to $4.036 billion with 933 million total orders, though adjusted EBITDA margins compressed to 2% from 3%. Rising fuel costs present a headwind, with Q2 carrying over $50 million in Dasher gas relief expenses.
Read at 24/7 Wall St.
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