TD Cowen initiates coverage on DoorDash, assigning a “Buy” rating with a $225 price target, implying ~27% upside.
Analysts project DoorDash revenue to grow ~18% annually through 2030, driven by expansion in grocery, retail, and advertising.
Company operates in >40 countries, serves 56 million monthly active users, and plans international growth via acquisitions like Deliveroo and Wolt.
Competition from Amazon, Uber Eats, Instacart and gig‑economy regulatory uncertainty pose risks to market share.