Is DoorDash Stock Outperforming the S&P 500?
With a market cap of $91.8 billion, DoorDash, Inc. (DASH) operates a commerce platform that connects merchants, consumers, and independent contractors internationally. Based in San Francisco, California, the company develops technology to connect customers with merchants through an on-demand food delivery application.
Companies worth $10 billion or more are generally labeled as “large-cap” stocks, and DoorDash fits this criterion perfectly. The company's primary offerings include the DoorDash Marketplace and the Wolt Marketplace, and its Commerce Platform, which operates in over 30 countries.
DoorDash stock has dropped 1.7% from its 52-week high of $220.88 recorded on Jun. 6. However, shares of DASH have gained 15.4% over the past three months, outperforming the S&P 500 Index’s ($SPX) nearly 8% increase.
Longer term, DASH stock has surged 29.1% on a YTD basis, whereas SPX has risen 2.8%. Moreover, shares of DoorDash have soared 88.3% over the past 52 weeks, significantly outpacing the SPX's 11.5% return over the same time frame.
Despite a few fluctuations, the stock has been trading above its 50-day and 200-day moving averages since August last year.
DoorDash’s stock tumbled 7.4% on May 6 primarily because its Q1 2025 revenue came in at $3 billion, missing analysts' expectations despite beating EPS estimates with $0.44. Investors were also cautious about DoorDash’s costly acquisitions of Deliveroo for nearly $4 billion and SevenRooms for $1.2 billion, which raised concerns over capital allocation. Additionally, while DoorDash’s Q2 guidance for Marketplace GOV of $23.3 billion - $23.7 billion and adjusted EBITDA of $600 million - $650 million aligned closely with analyst estimates, it wasn't strong enough to offset the revenue miss.
In contrast, rival Coupang, Inc. (CPNG) has lagged behind DASH stock. Shares of CPNG have increased 24.8% over the past 52 weeks and climbed 28.8% on a YTD basis.
Although DASH has outperformed relative to SPX, analysts are cautiously optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from the 37 analysts covering it, and it is currently trading below the mean price target of $220.97.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.