DoorDash: Excellent Prospects As DashPass Subs Keep Driving Orders

Gary Alexander 34.44K Followers Follow Summary DoorDash remains my top pick for growth at a reasonable price, with expanding use cases and strong DashPass subscriber growth. DASH's Q2 revenue surged 36% y/y to $4.45B, beating expectations, with organic marketplace GOV up 23% y/y excluding Deliveroo. Margin expansion continues: adjusted EBITDA rose 40% y/y to $914M, with margins improving to 20.5% of revenue. Despite a premium valuation, DASH shows consistent bookings growth, new market entries, and financial flexibility. Walter Cicchetti/iStock Editorial via Getty Images As we head into the final stretch of 2026 amid volatile markets, one of my core investing priorities is to decouple my portfolio as much as possible from a hyperconcentrated S&P 500, namely the AI trade. In my view, the best “growth at a reasonable This article was written by Gary Alexander 34.44K Followers Follow With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.