DoorDash (NASDAQ:DASH) Upgraded at Wedbush

DoorDash (NASDAQ:DASH) was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research report issued on Friday, Briefing.com reports. The brokerage currently has a $230.00 price objective on the stock. Wedbush‘s price objective would indicate a potential upside of 28.49% from the stock’s previous close.

DASH has been the topic of several other reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of DoorDash in a research note on Thursday, September 3rd. Raymond James Financial restated a “buy” rating on shares of DoorDash in a research report on Thursday, September 3rd. KeyCorp cut their price objective on DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Susquehanna increased their target price on shares of DoorDash from $225.00 to $250.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group dropped their target price on DoorDash from $280.00 to $275.00 in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $252.52.

DoorDash Stock Up 5.6%

Shares of NASDAQ:DASH opened at $179.00 on Friday. The firm has a market capitalization of $77.56 billion, a PE ratio of 93.72 and a beta of 1.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. DoorDash has a 52-week low of $143.30 and a 52-week high of $265.45. The firm has a fifty day moving average of $198.71 and a 200 day moving average of $183.29.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.25. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The business had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter last year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. As a group, research analysts anticipate that DoorDash will post 2.51 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $228.31, for a total transaction of $3,424,650.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,505 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $220.62, for a total value of $4,303,193.10. Following the completion of the transaction, the chief financial officer directly owned 232,938 shares in the company, valued at approximately $51,390,781.56. This trade represents a 7.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 393,998 shares of company stock worth $85,861,330. Corporate insiders own 44.90% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Hedge funds and other institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. increased its position in DoorDash by 2,304.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,452,110 shares of the company’s stock valued at $633,635,000 after acquiring an additional 3,308,512 shares during the period. Assenagon Asset Management S.A. raised its stake in DoorDash by 372.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,137,719 shares of the company’s stock valued at $575,928,000 after acquiring an additional 2,472,980 shares during the last quarter. Janus Henderson Group PLC lifted its position in DoorDash by 40.2% during the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock worth $1,159,377,000 after acquiring an additional 2,225,954 shares during the period. Vontobel Holding Ltd. lifted its position in DoorDash by 15,993.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,216,478 shares of the company’s stock worth $223,285,000 after acquiring an additional 1,208,919 shares during the period. Finally, Temasek Holdings Private Ltd grew its stake in shares of DoorDash by 49.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock valued at $519,744,000 after purchasing an additional 1,145,078 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Q3 results exceeded expectations. DoorDash reported adjusted earnings of $1.06 per share versus the $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion, topping forecasts of $4.56 billion. The company also reported quarterly records for marketplace gross order value, revenue and net income. DoorDash Q3 earnings and revenues top estimates
• Positive Sentiment: Instacart acquisition expands DoorDash beyond restaurants. DoorDash agreed to acquire Instacart in a cash-and-stock transaction valued at approximately $17 billion. The deal would combine DoorDash’s restaurant marketplace with Instacart’s grocery platform, strengthening its position in grocery and local commerce while adding potential cross-selling and scale benefits. The transaction is expected to close in late 2027 or the first half of 2028, subject to approvals. DoorDash to acquire Instacart for $17 billion
• Positive Sentiment: Core marketplace momentum improved. Management said U.S. restaurant marketplace sequential growth accelerated from the second quarter to the third quarter, alongside continued membership growth, new products and investments in merchant services, artificial intelligence and autonomous delivery. Analysts cited in the reports have a consensus price target of $254.95, implying meaningful upside from the current trading level. DoorDash three key takeaways
• Neutral Sentiment: Investors must weigh execution and regulatory risks. The Instacart combination could create a dominant delivery company, but critics warn it may lead to higher customer costs, tougher conditions for workers and antitrust scrutiny. The deal also brings integration complexity and potential stock dilution.
• Negative Sentiment: Legal scrutiny has emerged around the transaction. A law firm announced an investigation into whether Instacart’s board fulfilled its fiduciary duties in approving the sale. Such investigations are common in mergers but could add uncertainty or delay. Shareholder investigation of Instacart transaction

DoorDash Company Profile

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.