TD Cowen Reaffirms DoorDash Buy Rating on Strong Order Growth Outlook

Key Facts

1TD Cowen maintained a 'Buy' rating and $225 price target for DoorDash Inc.

2The firm expects gross order value growth of 36% year-over-year in Q2 2026.

3DoorDash recently partnered with Dollar Tree for delivery services and launched a new restaurant reservation tool.

Amid the ongoing expansion of delivery platforms into retail and grocery sectors, TD Cowen maintained its "Buy" rating for DoorDash Inc. with a price target of $225. The firm anticipates gross order value growth of 36% year-over-year in the second quarter of 2026, driven by increased order frequency. Furthermore, DoorDash recently strengthened its market position through a delivery partnership with Dollar Tree and the launch of a new restaurant reservation tool.

This optimism comes as delivery competitors show mixed performance across the sector. Regarding the new partner, Dollar Tree (DLTR) shares closed at $124.56 (close July 14, 2026), per market data, highlighting the importance of such alliances in boosting margins through advertising and membership growth. Based on previous earnings reports, DoorDash is focused on achieving full profitability this year by diversifying beyond restaurant deliveries.

In recent trading, DASH shares stood at $187.79 (close July 14, 2026), moving between a session low of $184.55 and a high of $190.79. Investors are now looking ahead to the U.S. Federal Reserve's Monetary Policy Report on July 10, 2026, which could impact consumer sentiment and operating costs for high-growth technology stocks.