What investors are saying about DoorDash (DASH)

Summary

In the past 30 days, 4 people on 3 investor and market shows discussed DoorDash (DASH) in 5 views. Going by each speaker's latest call, 1 is bullish and 1 is bearish. Chorus has followed DoorDash since October 26, 2026.

Who talks about it most

• Jason Lemkin · 2
• Tom Forte · 1
• Mackenzie Sigalos · 1
• Lindsay Owens · 1

The latest views

Newest first. Every quote is checked against the episode's transcript.

• Jason Lemkin · SaaStrBullish

  DoorDash's Instacart deal makes sense: combined they would hold about 80% share, and such deals appear accretive.

  Jason says Instacart has about 20% of the market and DoorDash about 60% of delivery, so combining them could reach roughly 80% share, which is how networks are dominated. He notes that past deals like the Postmates acquisition appear accretive when well architected, contrary to his expectation. Antitrust is the main hurdle, and he thinks it is a real question given the combined share.

  “if Instacart's got 20% of the market and DoorDash has 60 of the delivery market and you can get through antitrust... And you can get to 80% market share. This is how you dominate networks.”at 28:02

  20VC: 20VC: OpenAI Cuts Valuation to $1.25TRN | Public Market Meltdown: GOOG Loses $500BN in 12 Hours | DoorDash Buys Instacart for $17BN | Kalshi Raises $1BN and Cognition Eyes $80BN Valuation · November 5, 2026

• Jason Lemkin · SaaStrBearish

  AI agents are an existential risk to DoorDash because its number three competitor is nobody.

  Jason argues all app platforms face a slight disruption risk from agents that can order food or find cheaper delivery directly. He calls DoorDash's claim that agents placed only several hundred orders against 3 million daily deliveries self-serving. Agents could bypass DoorDash by ordering from restaurants that self-deliver or offer cheaper pickup. Because DoorDash's third-place rival is nobody, he sees the risk as existential.

  “I think agents are an existential risk to DoorDash because their number three competitor is nobody.”at 31:11

  20VC: 20VC: OpenAI Cuts Valuation to $1.25TRN | Public Market Meltdown: GOOG Loses $500BN in 12 Hours | DoorDash Buys Instacart for $17BN | Kalshi Raises $1BN and Cognition Eyes $80BN Valuation · November 5, 2026

• Tom Forte · Maxim GroupBullish

  A combined DoorDash-Instacart would be a stronger delivery alternative to Amazon for retailers.

  A combined DoorDash and Instacart would be a stronger company than two weaker competitors. Retailers that are not comfortable using Amazon for delivery may prefer the combined platform, as Costco already illustrates. He sees the merged company as an alternative delivery option rather than a threat to Amazon.

  “Implications to the extent that I think it makes a stronger combined company versus perhaps two weaker competitors.”at 20:23

  CNBC Closing Bell: Closing Bell Overtime: Big Tech Faces Another Earnings Test 10/29/26 · October 29, 2026

• Mackenzie Sigalos · CNBCUncertain

  A DoorDash–Instacart combo could face antitrust questions, but the current administration makes approval easier.

  Bernstein modelled a combined DoorDash and Instacart, which would hold about 88% of US third-party delivery. That share raises the question of whether antitrust scrutiny comes into play. She says the timing is an advantage under the current administration. DoorDash is down 7% week to date and Instacart is up about 15.5% on deal news, with a possible close as soon as the next morning.

  “You've got Bernstein modeling what a combined Dash and Instacart might mean. They're looking at 88% market share in terms of those third party delivery services here in The US... certainly an advantage”at 31:24

  CNBC Closing Bell: Big Tech Earnings Put the Rally to the Test; Warsh’s Latest Fed Decision 10/28/26 · October 28, 2026

• Lindsay Owens · Groundwork CollaborativeNeutral

  DoorDash patent used behavioural signals like battery level to target offers; DoorDash withdrew it.

  Owens's group reviewed DoorDash patents, including a 16-factor 'agitation index' that tracked signals such as how quickly and jerkily a user scrolls. The index was to be matched to outcomes such as whether a user would get a promotion and which menu offerings they saw first. She argues low battery is an opening for companies, since a user with a dying phone is over a barrel and will pay more. She notes DoorDash withdrew the patent after it was exposed.

  “So battery life is definitely something that the companies see as an opportunity. You're over a barrel when your battery life is down.”at 23:56

  Odd Lots: AI Agents Are Already Changing the Price of Goods · October 26, 2026