DoorDash Stock Eyes Another Record High After Analyst Upgrade

The analyst pointed to the company's acquisition of UK-based Deliveroo

Jake Scott

Deputy Editor

Jun 23, 2025 at 8:56 AM

dash

Shares of DoorDash Inc (NASDAQ:DASH) are on the move this morning, last seen 2.3% higher ahead of the open, after Raymond James upgraded the food delivery stock to "strong buy" from "outperform." The firm cited the underappreciated synergy potential with Deliveroo -- the British food delivery platform DoorDash is in the process of acquiring.

The stock has already tacked on 31.4% in 2025, and boasts a 100% year-over-year gain. It just secured a sixth-straight weekly win, notching a fresh record high of $223.66 on Friday before turning lower. Should today's momentum stay in place, another peak looks likely for DASH.

Despite this impressive run, some analysts remain hesitant. Of the 37 brokerages covering DoorDash stock, 11 still rate it a “hold.” A round of upgrades could generate additional tailwinds, especially as the Deliveroo acquisition story gains traction.

Options traders may want to take note, too. DASH stock sports a Schaeffer’s Volatility Index (SVI) of 34%, which ranks in the low 13th percentile of annual readings -- suggesting premium is relatively cheap right now.

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