Should I buy DoorDash stock in 2025? South Africa Investment Insights

What is DoorDash?

How much is the DoorDash stock?

The price of DoorDash stock is rising this week. As of now, DoorDash shares are trading at around $208.50, with a 24-hour gain of +1.2% and a weekly increase of +4.1%. The company’s current market capitalization stands at approximately $87.54 billion, with an average three-month volume of about 6.27 million shares. Its Price/Earnings ratio is 265, the dividend yield is 0%, and its stock beta is 1.68. DoorDash is showing strong momentum, but investors in South Africa should note its higher-than-average volatility compared to the broader market.

Our complete analysis of the DoorDash stock

After an exhaustive review of DoorDash’s latest quarterly results and the stock’s robust trajectory over the past three years, alongside a proprietary cross-analysis of financial ratios, technical signals, market context, and competitive positioning, an increasingly compelling investment landscape is emerging. Our in-depth algorithms integrate multiple data points to synthesise a forward-focused outlook on the company’s prospects. So, why might DoorDash stock once again become a strategic entry point into the global on-demand delivery and platform technology sector in 2025?

Recent Performance and Market Context

DoorDash (DASH: NASDAQ) has significantly outperformed broader market benchmarks over the past year, with its share price recently trading in the $206–209 range—more than doubling from 52-week lows of $99.32 and nearing its record high of $215.25. This resilient upward momentum follows a year of outstanding operational achievements. Notably, 2024 marked DoorDash’s first full year of GAAP profitability, which is a decisive inflection point for a tech platform previously associated with heavy reinvestment and thin margins.

In Q1 2025, DoorDash reported $3.03 billion in revenue, just under consensus estimates, but exceeded on earnings per share ($0.44 vs. expected $0.40) and delivered best-ever adjusted EBITDA of $590 million—a substantial 59% gain year-over-year. The consistently strong results have galvanised investor confidence, with daily trading volumes holding above 6.2 million shares and a market capitalisation near $87.5 billion. Additionally, heightened global interest in platform-based delivery, fuelled by urbanisation and the continued evolution of consumer habits post-pandemic, underpins a favourable macroeconomic backdrop for DoorDash’s model.

Positive recent developments include the company’s continuing international expansion (now in over 25 countries), prominent advances in diversified services (grocery, alcohol, and retail item delivery), and an enhanced operational focus on sustainable, margin-accretive growth. Analyst consensus remains broadly positive, assigning a price target band of $211–220 and a “Moderate Buy” rating—reinforcing the notion that DoorDash’s secular growth prospects are far from exhausted.

Technical Analysis

DoorDash’s technical structure signals enduring strength and, critically, suggests ample room for further appreciation:

• Relative Strength Index (RSI, 14 days): At approximately 59.5, DASH sits well below overbought territory, indicating the uptrend is underpinned by healthy buying without signs of overheating.
• MACD (Moving Average Convergence Divergence): Strongly positive, presently at 4.96, affirming bullish short- and medium-term momentum.
• Moving Averages: With the 20-day and 50-day simple moving averages at $195.86 and $188.36 respectively, support zones are consolidating above previous resistance—establishing the $188–195 window as a robust technical floor.
• Trend direction: Over 92% of moving averages emit buy signals, and the broader chart pattern shows a rising channel.
• Resistance levels: The $215–220 zone is a near-term technical challenge, but a break above should be watched for further acceleration.

DoorDash’s current technical landscape therefore appears to offer a strategic set-up for those seeking positions at or near established support, especially ahead of anticipated bullish catalysts.

Fundamental Analysis

DoorDash’s fundamentals underscore the transition from pure high-growth disruptor to profit-generative industry leader, a narrative that often precedes multiple expansion:

• Revenue Growth: 2024 revenue grew by an impressive 24% YoY, with Q4 sales up 25% YoY at $2.9 billion.
• Profitability: Transitioned to net GAAP profitability in 2024; Q1 2025 adjusted EBITDA reached a record $590 million, exemplifying the company’s improved unit economics and strategic cost discipline.
• Valuation: Trading at a P/E of 262–267 on a trailing-twelve-month basis, DoorDash’s premium is characteristic of dominant tech platforms in the acceleration phase of profitability. The price/sales multiple is mitigated by robust double-digit revenue projections and improving margin trajectories.
• Structural strengths:
• Innovation: Heavy investments in R&D are being channelled into logistics optimisation, customer personalisation, and integrated commerce.
• Market Share: DoorDash holds a commanding position in the US and is scaling internationally at pace.
• Brand Power: High retention and a network of differentiated partners anchor a durable competitive advantage.
• Operational Scale: Expanding economies of scale are allowing leverage across product, operating cost, and logistics lines.

Significantly, DoorDash’s focus on expanding beyond meal delivery—into grocery, alcohol, and even retail fulfilment—offers substantial addressable market upside.

Volume and Liquidity

The liquidity profile of DoorDash is indicative of a stock firmly embedded in institutional and retail portfolios alike:

• Sustained trading volumes: ~6.27 million shares daily signals deep liquidity and the ability to absorb large orders without notable price disruption—an essential attribute for both short-term traders and longer-term investors.
• Float characteristics: DoorDash’s sizable float and growing interest from passive index investors aid in dynamic, market-driven valuation. This liquidity reinforces confidence during periods of volatility and reduces bid-ask spreads—benefits particularly valued by sophisticated market actors in ZA and globally.

Altogether, this healthy liquidity environment supports the sustainability of bullish momentum and positions DASH as well-suited to both tactical and strategic entry points.

Catalysts and Positive Outlook

Several forward-looking drivers comprise a dynamic setup for continued value creation and upward price action:

• Ongoing global expansion: The strategic push into international markets synergises with DoorDash’s scalable tech infrastructure, creating powerful new revenue streams beyond its saturated domestic base.
• Service diversification: Cross-selling grocery, retail, and alcohol offerings broadens engagement, taps into higher-frequency shopping occasions, and lessens cyclicality risk.
• Operational efficiency: Sustained improvements in adjusted EBITDA and cash flow highlight DoorDash’s ability to gain margin leverage while still driving topline outperformance.
• Technological innovation: Advances in AI-driven logistics, predictive ordering, and partner platform integration will serve as key differentiators as competition intensifies.
• ESG and sustainability: Moves towards net zero emissions and local community support initiatives are resonating with ESG-focused investment mandates, potentially unlocking additional pools of capital.
• Regulatory environment: More favourable gig economy rules in several jurisdictions, combined with DoorDash’s compliance acumen, reduce overhang risk and enable smoother international scale.
• Macroeconomic backdrop: As global inflation rates moderate and real incomes rise, discretionary spend on convenience services (such as those DoorDash provides) become more resilient and entrenched.

Analyst consensus corroborates this positive trajectory, with 18 “Buy” recommendations and an average projected upside of ~5–6%, with several houses placing fair value closer to $270—up ~30% from current levels.

Investment Strategies

From a portfolio construction standpoint, DoorDash presents a particularly attractive multi-horizon entry argument:

• Short-term (trading): Approaching a technical support zone (~$188–195), the stock appears poised for swing-traders targeting a rebound toward resistance ($215–220)—especially with a positive MACD and moderate RSI. Volatility offers sharp trading opportunities around earnings and product launches, favoured by the stock’s deep liquidity.
• Medium-term (catalyst-driven): The run-up to Q2 2025 results (expected late July–early August) could act as a powerful inflection event, particularly if evidence of accelerating margin expansion and new market penetration emerges. Investors can consider exposure pre-results to benefit from potential bullish surprises.
• Long-term (strategic positioning): DoorDash is arguably now in the early phase of sustained GAAP profitability. Its leadership position, ongoing innovation, and continued diversification point to outsized compound annual growth potential. For South African investors seeking growth equity exposure with real-world platform defensibility, DASH aligns with thematic trends underpinning the global digital consumer.

Is It the Right Time to Buy DoorDash?

Synthesising the technical, fundamental, and structural strengths detailed above, DoorDash currently seems to represent an excellent opportunity for investors with a bullish view on platform technology and next-generation commerce. The company is demonstrating a rare blend of robust top-line growth, a credible and demonstrated path to profitability, technical momentum, and a growing footprint in a sector set for further expansion. Trading above key support and with strong liquidity, DASH’s multi-year strategy—anchored by innovation, scale, and a broadening addressable market—justifies renewed and serious interest.

While valuation levels remain high, such ratios have historically been granted to first-mover platforms at the inflection of sustained profitability and international scaling. With imminent earnings and product catalysts, deepening service offerings, and technological leadership, DoorDash may well be entering a new bullish phase.

For investors in the South African market aiming for exposure to secular growth in global consumer tech, DoorDash stands out as a stock that warrants close attention and active portfolio consideration as the on-demand economy matures into 2025 and beyond.

In summary, DoorDash’s compelling technical and fundamental position signals that the current environment could be a strategically sound moment to consider entry—with robust catalysts on the horizon, improving profitability, and a business model built for longevity and scale.

How to buy DoorDash stock in South Africa?

Buying DoorDash shares online is straightforward and secure when you use an authorised, regulated broker. South African investors can choose between two main methods: spot (cash) buying, where you own real shares, or trading Contracts for Difference (CFDs), which let you speculate on the stock’s movements with leverage. Both approaches can be managed fully online, with transparent fees and modern platforms. In the next sections, we'll break down these methods in detail—and, a broker comparison table is available further down the page to help you make the best choice.

Spot Buying

Cash or spot buying means you purchase real DoorDash shares, which are then held in your brokerage account. With this method, you benefit directly from price appreciation and can hold your shares for as long as you like. Typical South African-friendly brokers charge a fixed commission, often between ZAR 80 and ZAR 150 per US share trade (roughly $5–$8), plus possible currency conversion fees if your account is in ZAR.

Example

Suppose the DoorDash share price is $208.00 (approx. R3,900 at ZAR/USD 18.75). With a $1,000 stake (about R18,750), after a $5 commission, you could buy around 4.7 shares.
Gain Scenario: If the share price rises by 10% to $228.80, the value of your holding increases to $1,100.
Result: That’s a gross profit of $100, or +10% on your initial investment, before any tax or conversion fees.

Trading via CFD

CFDs (Contracts for Difference) let you speculate on DoorDash’s price moves—up or down—without actually owning the shares. This method is popular for its leverage: you can take a larger position with less upfront capital, but your risks (and potential gains/losses) are amplified. CFD brokers typically charge a “spread” (the difference between buying and selling price), plus overnight financing fees if you keep positions open beyond a day.

Example

Let’s say you open a CFD trade with $1,000 on DoorDash, using 5x leverage. This gives you $5,000 exposure to the stock.
Gain Scenario: If the share price rises by 8%, your position grows in value by 8% × 5 = 40%.
Result: That’s a $400 gain (before fees or currency conversion), on your $1,000 deposit.

Final Advice

Before you invest, always compare brokers on their fees, platform usability, minimum deposit, and the range of US stocks they offer. Whether spot buying or trading CFDs is right for you depends on your investment goals and risk tolerance: spot buying suits long-term wealth builders, while CFDs are designed for active traders comfortable with higher risk and short-term moves. To make an informed choice, check out the broker comparison section further down the page.

Our 7 tips for buying DoorDash stock

The latest news about DoorDash

DoorDash maintains strong upward momentum, supported by positive technical and analyst sentiment in May 2025. Recent trading has seen DoorDash sustain a share price between $206 and $209, near its 52-week high of $215.25 and backed by a bullish trend across 92.86% of moving averages alongside a positive MACD. The RSI is stable at 59.52, indicating continued upward momentum without being overbought. Analyst consensus has firmed around a moderate buy, setting price targets from $211–$220, with upside potential toward $267-$271. These signals are constructive for investors, especially given heightened interest from South African investors in international tech and ecommerce growth stocks.

DoorDash reports a record Q1 2025 adjusted EBITDA and beats earnings per share estimates, affirming operational strength. In the first quarter of 2025, DoorDash achieved a historically high adjusted EBITDA of $590 million, representing a 59% year-on-year increase, and delivered earnings per share (EPS) of $0.44, outperforming the consensus estimate of $0.40. While revenue of $3.03 billion slightly missed projections, operational profitability and ongoing margin improvement are noteworthy. South African market participants tracking global tech earnings will view DoorDash’s proven profitability and operational scale as evidence of its resilience and long-term growth prospects.

DoorDash’s sustained international expansion, now spanning over 25 countries, diversifies earnings and supports long-term growth. DoorDash’s growth strategy, which includes continued international rollouts, positions the company for revenue diversification and greater global exposure. Although DoorDash has no direct presence in South Africa as of May 2025, its global expansion underscores potential future entry and sets a comparative benchmark for local and regional food delivery platforms. South African investors focused on disruptive business models and ecosystem scaling may regard DoorDash’s strategy as illustrative of best practices in platform-driven expansion, logistics, and monetisation beyond core geographies.

The company’s first-ever full GAAP net profit in 2024 marks a pivotal milestone for profitability and investor confidence. DoorDash closed 2024 with its first full year of positive GAAP net income, driven by 24% annual revenue growth and strong margin discipline. This transition to sustainable profitability distinguishes DoorDash among international tech peer companies, many of which struggle to achieve consistent profits. For capital managers in South Africa, especially those monitoring US-listed equities for JSE dual-currency portfolios or through direct offshore allocations, this improvement in underlying financial quality is a crucial indicator of investability.

DoorDash continues to invest in service diversification and technological innovation, enhancing its strategic appeal. The company’s ongoing investments into grocery, alcohol, and retail delivery, in addition to core food service, are expected to support robust double-digit future revenue growth. Its proprietary delivery optimization technology and expanding partner networks further reinforce economies of scale. These structural advances resonate with South African investors who prioritise scalable, tech-enabled business models and could influence sentiment around local operators seeking to emulate DoorDash’s multi-vertical platform approach.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.