Shares of DoorDash, Inc. (NASDAQ:DASH – Get Free Report) passed above its 200-day moving average during trading on Monday after Truist Financial raised their price target on the stock from $336.00 to $340.00. The stock has a 200-day moving average of $182.97 and traded as high as $191.02. Truist Financial currently has a buy rating on the stock. DoorDash shares last traded at $190.07, with a volume of 6,152,100 shares.
Several other analysts have also recently weighed in on the company. Jefferies Financial Group lifted their price objective on DoorDash from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Moffett Nathanson decreased their target price on DoorDash from $280.00 to $278.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Benchmark raised their target price on DoorDash from $270.00 to $295.00 in a research note on Thursday, August 6th. Rosenblatt Securities initiated coverage on DoorDash in a research report on Tuesday, September 1st. They set a “buy” rating and a $270.00 price target on the stock. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $220.00 price target (up from $205.00) on shares of DoorDash in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.88.
Check Out Our Latest Stock Analysis on DoorDash
Insiders Place Their Bets
In related news, Director Stanley Tang sold 72,367 shares of DoorDash stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $225.16, for a total value of $16,294,153.72. Following the completion of the sale, the director directly owned 10,361 shares in the company, valued at approximately $2,332,882.76. This trade represents a 87.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Prabir Adarkar sold 55,289 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $231.76, for a total transaction of $12,813,778.64. Following the transaction, the chief operating officer owned 930,211 shares in the company, valued at $215,585,701.36. This represents a 5.61% 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 326,305 shares of company stock worth $72,280,083 in the last three months. Corporate insiders own 44.90% of the company’s stock.
More DoorDash News
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash’s proposed acquisition of Instacart could create scale benefits, consolidate subscriptions over time and give members a broader range of delivery and grocery services. Investors may view the deal as strategically strengthening DoorDash’s competitive position. Doordash is acquiring Instacart. For you, that means one less subscription, eventually.
- Positive Sentiment: DoorDash is rolling out $12 restaurant meal deals in select cities, including full meals with no delivery fee. The program may attract budget-conscious customers and increase order frequency, though its effect on margins remains uncertain. DoorDash enters the restaurant value wars with a $12 meal deal
- Positive Sentiment: Wedbush upgraded DoorDash, while Cantor Fitzgerald reiterated its overweight rating. Another analyst raised the price target to $340, reinforcing the bullish view among some Wall Street firms. DoorDash upgraded at Wedbush Overweight rating reiterated at Cantor Fitzgerald Price target raised to $340
- Neutral Sentiment: Analysts delivered mixed signals: Scotiabank and Barclays trimmed their price targets, suggesting valuation or execution concerns despite broader optimism about DASH. Scotiabank trims DoorDash price target Barclays cuts DoorDash price target
- Negative Sentiment: The FTC is probing personalized pricing at Instacart shortly after DoorDash agreed to acquire it. Increased regulatory attention could delay the transaction, raise costs or complicate expected synergies. FTC probes personalized pricing at Instacart
- Negative Sentiment: DoorDash CEO Tony Xu said AI-agent activity remains limited, with only several hundred orders generated so far. That tempers near-term expectations for AI-driven order growth. DoorDash sees limited AI orders
- Negative Sentiment: Competition is intensifying, with rival Olo promoting lower-priced takeout. DoorDash’s value-meal response may defend demand but could pressure pricing and delivery economics. New DoorDash rival promises cheaper takeout
Hedge Funds Weigh In On DoorDash
Several hedge funds and other institutional investors have recently modified their holdings of DASH. Janus Henderson Group PLC grew its stake in shares of DoorDash by 40.2% during the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock valued at $1,159,377,000 after purchasing an additional 2,225,954 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of DoorDash by 2,304.0% during 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 purchasing an additional 3,308,512 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of DoorDash by 372.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,137,719 shares of the company’s stock worth $575,928,000 after purchasing an additional 2,472,980 shares during the period. Temasek Holdings Private Ltd lifted 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 worth $519,744,000 after purchasing an additional 1,145,078 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of DoorDash by 18.4% in the 1st quarter. Bank of America Corp DE now owns 3,449,266 shares of the company’s stock worth $517,907,000 after purchasing an additional 536,080 shares during the period. 90.64% of the stock is owned by institutional investors.
DoorDash Stock Performance
The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The company has a market cap of $82.36 billion, a PE ratio of 78.54 and a beta of 1.90. The business’s fifty day moving average is $197.17 and its 200-day moving average is $182.97.
DoorDash (NASDAQ:DASH – Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.25. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same period in the previous year, the business posted $0.55 earnings per share. The firm’s quarterly revenue was up 34.0% compared to the same quarter last year. As a group, research analysts predict that DoorDash, Inc. will post 2.64 EPS for the current fiscal year.
About DoorDash
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.
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