Cantor Fitzgerald Forecasts Stronger Earnings for DoorDash

DoorDash, Inc. (NASDAQ:DASH) – Equities research analysts at Cantor Fitzgerald upped their FY2025 earnings per share (EPS) estimates for DoorDash in a report released on Tuesday, January 28th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the company will post earnings of $1.26 per share for the year, up from their prior forecast of $1.25. Cantor Fitzgerald has a “Overweight” rating and a $200.00 price objective on the stock. The consensus estimate for DoorDash’s current full-year earnings is $0.29 per share.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC raised their target price on shares of DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Benchmark raised their price objective on shares of DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Evercore ISI upped their target price on DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Citigroup lifted their price target on DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Susquehanna upped their price objective on DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a report on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.18.

DoorDash Price Performance

DASH stock opened at $184.51 on Wednesday. DoorDash has a one year low of $99.32 and a one year high of $185.38. The stock has a market cap of $76.65 billion, a price-to-earnings ratio of -410.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.71. The company has a fifty day moving average price of $174.49 and a two-hundred day moving average price of $149.86.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the firm earned ($0.19) EPS. The firm’s revenue was up 25.0% compared to the same quarter last year.

Insider Activity

In other DoorDash news, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $172.67, for a total value of $8,633,500.00. Following the completion of the transaction, the director now directly owns 18,089 shares in the company, valued at approximately $3,123,427.63. This trade represents a 73.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at approximately $255,375. This trade represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,040,758 shares of company stock worth $181,434,201. Corporate insiders own 7.92% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. increased its position in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. State Street Corp grew its stake in shares of DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after purchasing an additional 272,659 shares during the last quarter. Janus Henderson Group PLC increased its holdings in DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after purchasing an additional 700,465 shares during the period. Geode Capital Management LLC raised its position in DoorDash by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after purchasing an additional 267,855 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in DoorDash by 15.2% during the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after buying an additional 501,905 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.