DoorDash resumed with an Outperform at Raymond James

Raymond James analyst Josh Beck resumed coverage of DoorDash with an Outperform rating and $155 price target. The firm is positive on the company’s faster-than-anticipated realization of profitability in high-growth international and new verticals – including convenience stores and grocery-light segments – as DoorDash methodically invests behind a consumer “acquire/retain/engage” efforts, merchant integration/selection, and delivery densification/optimization flywheel strategy, the analyst tells investors in a research note. Raymond James adds that its bottoms-up multi-segment margin build model suggests room for upside, targeting 3.5% EBITDA margin in 2026 vs. Street’s closer to 3% estimate.