• DoorDash (NasdaqGS:DASH) is rolling out SNAP/EBT payment support across the US at more than 50,000 participating stores.
• The company is also adding new local grocery and alcohol retailers to its marketplace, expanding its merchant base and product coverage.
• These changes further position DoorDash as a broader commerce platform, not just a restaurant delivery service.

For you as an investor, this move sits at the intersection of on demand delivery, payments access, and everyday spending. DoorDash already operates as a major delivery platform for restaurants and convenience items, and the new SNAP/EBT functionality taps into a large pool of households that rely on these benefits for groceries. Adding local grocers and alcohol retailers gives users more reasons to stay inside the DoorDash ecosystem for regular weekly purchases.

Looking ahead, you may want to watch how frequently SNAP/EBT users transact on the platform, how widely merchants adopt the new payment option, and whether alcohol and grocery partners gain traction with DashPass members. These factors could help shape engagement trends on the app and provide clues about how DoorDash’s broader commerce strategy is resonating with customers and merchants.

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Quick Assessment

• ✅ Price vs Analyst Target: At US$183.86 versus a US$275.76 analyst target, the share price sits about 33% below consensus.
• ✅ Simply Wall St Valuation: The stock is described as trading 57.6% below the Simply Wall St fair value estimate.
• ❌ Recent Momentum: The 30 day return is about a 20% decline, which signals weak short term momentum.

Check out Simply Wall St's in depth valuation analysis for DoorDash.

Key Considerations

• 📊 The expansion into SNAP/EBT grocery and alcohol delivery broadens DoorDash’s role in everyday spending. This could affect how you think about its growth mix beyond restaurants.
• 📊 You may want to watch SNAP/EBT order frequency, DashPass adoption for grocery and alcohol, and any changes in the Hospitality average P/E of 20.93 versus DoorDash’s P/E of 91.82.
• ⚠️ A P/E of 91.82 compared with an industry average of 20.93 means expectations are already high. Any disappointment around engagement from these new offerings could weigh heavily on sentiment.

Dig Deeper

For the full picture including more risks and rewards, check out the complete DoorDash analysis.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.