DoorDash (DASH) – Research Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of DoorDash (NASDAQ: DASH) recently:

• 11/12/2024 – DoorDash had its price target raised by analysts at Loop Capital from $170.00 to $200.00. They now have a “buy” rating on the stock.
• 11/1/2024 – DoorDash had its price target raised by analysts at Susquehanna from $140.00 to $180.00. They now have a “positive” rating on the stock.
• 11/1/2024 – DoorDash had its price target raised by analysts at The Goldman Sachs Group, Inc. from $142.00 to $161.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – DoorDash had its price target raised by analysts at Barclays PLC from $120.00 to $163.00. They now have an “equal weight” rating on the stock.
• 10/31/2024 – DoorDash had its price target raised by analysts at KeyCorp from $177.00 to $180.00. They now have an “overweight” rating on the stock.
• 10/31/2024 – DoorDash had its price target raised by analysts at Royal Bank of Canada from $165.00 to $175.00. They now have an “outperform” rating on the stock.
• 10/31/2024 – DoorDash had its price target raised by analysts at Evercore ISI from $155.00 to $200.00. They now have an “outperform” rating on the stock.
• 10/31/2024 – DoorDash had its price target raised by analysts at BMO Capital Markets from $140.00 to $180.00. They now have an “outperform” rating on the stock.
• 10/31/2024 – DoorDash had its price target raised by analysts at JPMorgan Chase & Co. from $137.00 to $155.00. They now have a “neutral” rating on the stock.
• 10/31/2024 – DoorDash had its price target raised by analysts at Piper Sandler from $125.00 to $160.00. They now have a “neutral” rating on the stock.
• 10/31/2024 – DoorDash had its price target raised by analysts at DA Davidson from $119.00 to $150.00. They now have a “neutral” rating on the stock.
• 10/31/2024 – DoorDash had its price target raised by analysts at JMP Securities from $160.00 to $190.00. They now have a “market outperform” rating on the stock.
• 10/31/2024 – DoorDash had its price target raised by analysts at Truist Financial Co. from $170.00 to $180.00. They now have a “buy” rating on the stock.
• 10/31/2024 – DoorDash had its price target raised by analysts at Bank of America Co. from $168.00 to $172.00. They now have a “buy” rating on the stock.
• 10/31/2024 – DoorDash had its price target raised by analysts at Needham & Company LLC from $145.00 to $180.00. They now have a “buy” rating on the stock.
• 10/24/2024 – DoorDash had its price target raised by analysts at Mizuho from $162.00 to $173.00. They now have an “outperform” rating on the stock.
• 10/22/2024 – DoorDash had its price target raised by analysts at Truist Financial Co. from $150.00 to $170.00. They now have a “buy” rating on the stock.
• 10/22/2024 – DoorDash had its price target raised by analysts at Jefferies Financial Group Inc. from $155.00 to $180.00. They now have a “buy” rating on the stock.
• 10/18/2024 – DoorDash had its price target raised by analysts at UBS Group AG from $143.00 to $160.00. They now have a “neutral” rating on the stock.
• 10/17/2024 – DoorDash had its price target raised by analysts at Benchmark Co. from $152.00 to $173.00. They now have a “buy” rating on the stock.
• 10/7/2024 – DoorDash had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $160.00 price target on the stock.
• 10/4/2024 – DoorDash had its price target raised by analysts at Wells Fargo & Company from $127.00 to $142.00. They now have an “equal weight” rating on the stock.
• 9/30/2024 – DoorDash had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $160.00 price target on the stock.
• 9/30/2024 – DoorDash had its price target raised by analysts at JMP Securities from $145.00 to $160.00. They now have a “market outperform” rating on the stock.
• 9/27/2024 – DoorDash had its price target raised by analysts at Oppenheimer Holdings Inc. from $145.00 to $160.00. They now have an “outperform” rating on the stock.
• 9/25/2024 – DoorDash was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating. They now have a $177.00 price target on the stock.
• 9/25/2024 – DoorDash was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $177.00 price target on the stock.
• 9/24/2024 – DoorDash is now covered by analysts at Raymond James. They set an “outperform” rating and a $155.00 price target on the stock.
• 9/23/2024 – DoorDash had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $160.00 price target on the stock.
• 9/19/2024 – DoorDash was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating. They now have a $155.00 price target on the stock.

DoorDash Price Performance

Shares of DASH traded down $1.96 during trading hours on Thursday, hitting $173.80. The stock had a trading volume of 2,135,511 shares, compared to its average volume of 3,814,872. The stock has a market capitalization of $72.20 billion, a price-to-earnings ratio of -386.22, a P/E/G ratio of 14.85 and a beta of 1.67. The company’s fifty day moving average is $147.14 and its two-hundred day moving average is $126.41. DoorDash, Inc. has a 52 week low of $92.56 and a 52 week high of $178.16.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the business posted ($0.19) earnings per share. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. Equities analysts predict that DoorDash, Inc. will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $149.83, for a total value of $7,491,500.00. Following the sale, the director now directly owns 18,089 shares in the company, valued at $2,710,274.87. This trade represents a 73.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tony Xu sold 81,249 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total transaction of $12,014,289.63. The disclosure for this sale can be found here. In the last three months, insiders have sold 324,539 shares of company stock worth $46,439,330. Company insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Several institutional investors have recently modified their holdings of the business. Rakuten Securities Inc. raised its stake in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the period. Meeder Asset Management Inc. lifted its stake in DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after acquiring an additional 132 shares in the last quarter. Headlands Technologies LLC acquired a new position in DoorDash during the 2nd quarter worth approximately $32,000. Versant Capital Management Inc grew its stake in shares of DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

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.