Food delivery platform DoorDash (DASH) kicked off 2025 on a solid note, but the good vibes didn’t last long. Over the past month alone, the stock has slipped about 29% as investors grow uneasy about the company’s heavy spending and a recent earnings miss. The steep pullback has certainly rattled some nerves, but Wall Street hasn’t lost faith in DASH stock yet. In fact, Needham remains firmly in the bull camp.
While the firm did lower its price target from $300 to $275, it maintained its “Buy” rating, highlighting stronger order trends and continued growth in Gross Order Value (GOV). Even with the recent volatility in shares, Needham believes DoorDash is on track to double its post-pandemic GOV within four years, a clear sign that demand remains strong and the company is executing well.
