DoorDash (DASH) Still Citi’s Top Pick in Internet Sector, Following Q4 Beat

Core Viewpoint - DoorDash Inc. is recognized as one of the best consumer discretionary stocks to buy, with Citi analyst Ronald Josey maintaining a Buy recommendation despite a slight target price adjustment to $280 from $283, citing strong Q4 performance and positive outlook through 2026 [1][2]. Financial Performance - DoorDash reported a 51.1% year-over-year increase in GAAP attributable net income, reaching $213 million, up from $141 million [2]. - GAAP earnings per diluted share rose 45.5% year-over-year to $0.48, compared to $0.33 [2]. - Adjusted EBITDA increased by 37.8% year-over-year to $780 million, up from $566 million [2]. Revenue Growth - The company's revenue grew 37.7% year-over-year to $4.0 billion, up from $2.9 billion, driven by a larger user base and increased order volume [3]. - Total orders increased by 31.8% year-over-year to 903 million, up from 685 million, with monthly active users growing 33.3% to 56 million from 42 million [4]. - The average basket size saw a slight increase of 5.9% year-over-year to $32.9 per order, up from $31.06 [4]. - Marketplace gross order value grew by 39.5% year-over-year to $29.7 billion, up from $21.3 billion [4]. Future Guidance - Management expects marketplace gross order value for the first quarter to reach between $31.0 billion and $31.8 billion, which would yield adjusted EBITDA of $675 million to $775 million [5].