Doordash stock forecast remains bullish in Q2 2024

DoorDash stock forecast remains bullish in Q2 2024, with analysts noting revenue growth momentum at over 25% year-on-year. The company’s expanding market share in U.S. food delivery and improved gross margins are creating upward pressure on the share price, currently testing the $115 resistance zone. We’ll explore how the expanded DoorDash partnership strengthens Kroger’s e-commerce ambitions and supports the company’s future investment narrative. The US$217 analyst price target for DASH is 38% less than our estimate of fair value Earnings beats in the past four quarters reinforce a positive DoorDash stock forecast. With retention rates surpassing 80%, the stability in customer base adds conviction to long-term valuation multiples.