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DoorDash, Inc. — Intrinsic Value & Fair Price

DASH
NASDAQCommunication ServicesInternet Content & InformationCIK 0001792789doordash.comAbout DASH
Last close · Oct 16, 2026189.15−3.90 (−2.02%)
Market cap$82.0B
Model value · DCF · Perpetuity growth · 5y
46.70
DoorDash closed at $189.15 — overvalued by 305% vs model.
34.84the model's range74.21

DCF · Perpetuity growth · 5y leads for a high-growth company — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
43.53 – 104.32
Wall St. target
240.00 21% below
Above model, 1y
20 of 20 days

Price and model value

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What the marks mean
Daily close

Valuation models

price $189.15 · as of Oct 17, 2026

DCF · Perpetuity growth · 5y leads for a high-growth company — positive operating income and three years of positive free cash flow. How we value a stock walks through every input. The price is 305% above the model value: the models see only the filed business, and a company priced on businesses with no revenue line yet is better taken apart, as Tesla is.

engine pkg:0.1.0

Research on DASH

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How it is valued

Valued asHigh growth
High revenue growth (~26% recent)Moderate margins (7% net margin)Highly cyclical earnings
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for high-growth companies
Price / sales
5.9×
Revenue growth
27.9%
Gross margin
50.9%
Operating margin
5.3%
FCF margin
15.8%
EV / EBITDA
47.5×
Full financials

Analyst actions

third-party, quoted
10-12Cantor Fitzgerald · target240.00
10-05Wells Fargo · target230.00
09-09Scotiabank · target275.00
11-19Jefferies · “Buy” from “Hold”upgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label
1 more company lists DASH as a comparable
Side by side:vs UBER

The weekly

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About DoorDash

DoorDash, 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.

CEO
Tony Xu
Headquarters
San Francisco, CA
Employees
31,400
IPO
2020-12-09
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.