Brokerages Set DoorDash, Inc. (NASDAQ:DASH) Price Target at $257.47

Shares of DoorDash, Inc. (NASDAQ:DASH) have been assigned an average recommendation of “Moderate Buy” from the thirty-six brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $257.4722.

Several equities research analysts have recently weighed in on the company. Guggenheim reissued a “buy” rating and issued a $255.00 price target on shares of DoorDash in a research note on Tuesday, June 23rd. Wells Fargo & Company upped their target price on DoorDash from $199.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Roth Capital upped their target price on DoorDash from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Jefferies Financial Group increased their target price on shares of DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Scotiabank initiated coverage on shares of DoorDash in a report on Wednesday, September 9th. They set a “sector outperform” rating and a $275.00 price target for the company.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash announced a $425 million partnership with Wonder. The agreement includes the $300 million acquisition of Wonder’s Grubhub Campus Dining business, formerly Tapingo, plus a $125 million investment in Wonder’s Series D financing. The campus platform serves millions of students and could expand DoorDash’s presence in institutional dining and recurring meal orders. Wonder scores a $425 million partnership with DoorDash
• Positive Sentiment: The transaction also creates a long-term strategic relationship with Marc Lore’s Wonder, potentially giving DoorDash access to new food-preparation, restaurant and delivery capabilities. The deal could support order growth and improve utilization across DoorDash’s logistics network. DoorDash and Wonder Announce Strategic Partnership
• Positive Sentiment: Chase Sapphire Reserve’s 10th-anniversary changes include larger DoorDash-related benefits and credits. The expanded cardholder incentives could increase order frequency and customer engagement, although the direct financial benefit to DoorDash is uncertain. Chase Sapphire Reserve turns 10 with new DoorDash benefits
• Neutral Sentiment: Analysts and investors remain focused on whether DoorDash can convert strong operating metrics and cash generation into sustained margin expansion. The company’s latest quarter showed 35.6% revenue growth, but EPS slightly missed estimates, highlighting the importance of execution and timing.
• Negative Sentiment: One analysis argued that DASH is becoming expensive despite its strong balance sheet and growth prospects. With a price-to-earnings ratio above 100, the stock leaves limited room for slower growth, integration costs or delayed profitability improvements. DoorDash Is Getting Pricey Despite Strong Cash Position
• Negative Sentiment: Reports about a delivery driver allegedly taking a customer’s car keys and separate incidents involving violence against drivers are reputational and safety concerns. They appear isolated and are unlikely to materially affect valuation unless they lead to broader regulatory, insurance or platform-safety costs.

Insider Activity at DoorDash

In related news, Director Stanley Tang sold 30,835 shares of DoorDash stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $225.98, for a total transaction of $6,968,093.30. Following the completion of the transaction, the director owned 10,361 shares of the company’s stock, valued at $2,341,378.78. This trade represents a 74.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 16,044 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $228.55, for a total transaction of $3,666,856.20. Following the completion of the transaction, the chief financial officer owned 217,911 shares in the company, valued at approximately $49,803,559.05. The trade was a 6.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 399,553 shares of company stock valued at $87,034,140 over the last 90 days. 44.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On DoorDash

Several institutional investors and hedge funds have recently made changes to their positions in DASH. CYBER HORNET ETFs LLC grew its position in shares of DoorDash by 6.5% during the fourth quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after purchasing an additional 60 shares in the last quarter. Vise Technologies Inc. lifted its holdings in DoorDash by 1.8% in the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock worth $796,000 after purchasing an additional 63 shares in the last quarter. Washington Trust Advisors Inc. lifted its holdings in DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after purchasing an additional 64 shares in the last quarter. Premier Path Wealth Partners LLC boosted its stake in DoorDash by 2.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock worth $465,000 after purchasing an additional 67 shares during the period. Finally, AXS Investments LLC boosted its stake in DoorDash by 1.3% in the 4th quarter. AXS Investments LLC now owns 5,438 shares of the company’s stock worth $1,232,000 after purchasing an additional 69 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of DoorDash stock opened at $196.76 on Thursday. The stock has a market cap of $85.26 billion, a price-to-earnings ratio of 103.02 and a beta of 1.79. DoorDash has a twelve month low of $143.30 and a twelve month high of $285.50. The company’s fifty day moving average is $205.71 and its 200 day moving average is $180.37. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. Sell-side analysts forecast that DoorDash will post 2.53 EPS for the current year.

About DoorDash

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.