DoorDash, Inc. logo DASH - DoorDash, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 29
HOLD 10
SELL 0
STRONG
SELL
0
| PRICE TARGET: $252.93 DETAILS
HIGH: $350.00
LOW: $190.00
MEDIAN: $235.00
CONSENSUS: $252.93
UPSIDE: 31.19%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 47.7% above fair value
Current Price $192.79
Bear Case $74.81 61.2% downside ($74.81 - $192.79) / $192.79 = -61.2% 12% stage 1 growth, 12% discount
Fair Value $130.49 32.3% downside ($130.49 - $192.79) / $192.79 = -32.3% 20% stage 1 growth, 12% discount
Bull Case $199.98 3.7% upside ($199.98 - $192.79) / $192.79 = 3.7% 26% stage 1 growth, 12% discount

Adjust Assumptions

20.0%
12.0%
3.0%

Key Value Driver

FCF growth rate (20% base case)

Terminal Value % of EV 42%
Implied Market Multiple 58.7x
Market is pricing in (growth) 25.5% vs our 20.0% base

Plain-Language Summary

Using a two-stage FCF DCF with 20% growth decelerating over 15 years, discounted at 12%, the base-case intrinsic value is $130.49 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (40 analysts) $252.93
Analyst Range $190.00 – $350.00
Divergence from AlphaVal 48%

Warnings

⚠ Stock-based employee pay equals 112% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
ℹ Wall Street's average price target is $252.93 (from 40 analysts). Our estimate is 48% below the consensus -- consider that gap carefully.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions