The stage is set for a DoorDash comeback, says TD Cowen
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By Liz Napolitano
Published on April 27, 2026.
DoorDash is expected to make a comeback over the next few years, according to TD Cowen. The investment bank initiated coverage of DoorDash with a buy rating and a $225 price target, suggesting 27.3% upside from Friday's close. The firm's growth will be attributed to its expanding its market share in the U.S. and abroad, with monthly active users and order frequency expected to increase at compound annual growth rates of 8% and 4%, respectively. Despite recent declines, DoorDash stock has seen significant growth. The company is also integrating artificial intelligence-fueled features into its platform.
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