DoorDash (NASDAQ: $DASH) Gains Strength Ahead of May Earnings

DoorDash, Inc. (NASDAQ: DASH) is showing strong momentum in a volatile market. As of April 11, DASH closed at $180.49, up 1.10% for the day. The stock has risen about 9% year-to-date, while the overall Computer and Technology sector has dropped around 11.8%. This places DoorDash ahead of many of its peers.

DoorDash belongs to the Computer and Technology group, which ranks #6 out of 16 sectors based on the Zacks Sector Rank. The company currently holds a Zacks Rank of #2 (Buy), signaling positive analyst sentiment. Over the last three months, analysts have revised DoorDash's full-year earnings estimate up by 14.7%. This indicates growing confidence in the company’s future performance.

Investors are now watching closely as DoorDash prepares to release its earnings report on May 7, 2025. The stock's upward trend and revised estimates may influence how it reacts to the upcoming results.

Technical Analysis

The daily chart shows that DASH recently bounced off a strong support zone around $162. This zone has acted as a demand area before, pushing the price higher in past sessions. Currently, DASH is approaching key resistance level at $200. A break above these could lead the stock toward the recent high at $215.25. The chart also suggests a possible retracement before a new leg up, reflecting a bullish continuation structure.

Volume increased during the bounce, indicating strong buying interest. RSI is at 48.16, which suggests neutral momentum with room for further upside.DoorDash remains one to watch heading into earnings season.