DoorDash (NASDAQ:DASH – Get Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a report released on Thursday,Benzinga reports. They currently have a $265.00 target price on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 57.77% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their target price on shares of DoorDash from $221.00 to $198.00 and set an “equal weight” rating on the stock in a report on Monday, March 30th. KeyCorp increased their price target on DoorDash from $275.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Moffett Nathanson set a $276.00 price objective on DoorDash in a research report on Wednesday, April 15th. Weiss Ratings downgraded DoorDash from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus dropped their target price on DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.31.
Check Out Our Latest Research Report on DASH
DoorDash Stock Performance
DoorDash (NASDAQ:DASH – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the company earned $0.44 earnings per share. The firm’s revenue was up 33.1% compared to the same quarter last year. Research analysts expect that DoorDash will post 2.44 earnings per share for the current year.
Insider Activity at DoorDash
In other news, Director Stanley Tang sold 21,433 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the transaction, the director owned 19,279 shares of the company’s stock, valued at approximately $2,891,850. This represents a 52.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 10,000 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $188.34, for a total value of $1,883,400.00. Following the transaction, the chief operating officer directly owned 843,678 shares in the company, valued at $158,898,314.52. This trade represents a 1.17% decrease in their ownership of the stock. 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 have sold a total of 43,933 shares of company stock worth $7,135,413 in the last three months. 5.83% of the stock is owned by company insiders.
Institutional Investors Weigh In On DoorDash
Several institutional investors have recently bought and sold shares of DASH. Brighton Jones LLC increased its stake in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after buying an additional 1,807 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of DoorDash by 21.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after acquiring an additional 303 shares during the period. Empowered Funds LLC lifted its stake in shares of DoorDash by 3.6% in the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after acquiring an additional 285 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of DoorDash by 92.9% in the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new position in shares of DoorDash in the second quarter valued at approximately $222,000. Institutional investors and hedge funds own 90.64% of the company’s stock.
Key Headlines Impacting DoorDash
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: Earnings beat and stronger order outlook — DoorDash reported adjusted EPS of $0.42 vs. consensus $0.36 and gave a stronger-than-expected outlook for order growth, which drove a premarket rally. DoorDash stock jumps 11% after earnings beat and strong delivery demand
- Positive Sentiment: Q2 order-value guidance above estimates — Management forecasted quarterly marketplace gross order value above analyst estimates, signaling resilient demand and growth from grocery, retail and international expansion. DoorDash forecasts quarterly order value above estimates
- Positive Sentiment: Grocery expansion accelerating marketplace sales — Grocery growth helped drive a 37% jump in marketplace sales, supporting higher take rates and diversification beyond restaurant delivery. DoorDash Grocery Growth Fuels 37% Marketplace Sales Jump
- Positive Sentiment: Productivity tailwinds from AI — CEO comments that AI is making engineers faster and the company is investing to make employees “AI-capable” suggest future efficiency gains and faster feature rollouts. DoorDash CEO says AI is making engineers faster, but productivity isn’t everything
- Neutral Sentiment: User and engagement metrics strong, revenue mixed — DoorDash reported record membership signups and a new high for MAUs and said orders and revenue rose year-over-year, but revenue slightly missed Wall Street targets. DoorDash Releases First Quarter 2026 Financial Results
- Neutral Sentiment: Longer-term bull case coverage — Analysts and commentators highlight sizable market opportunity and execution on local commerce, which supports a constructive longer-term thesis despite short-term headwinds. DoorDash: Building A Delivery Behemoth
- Negative Sentiment: Gas-relief and margin pressure — DoorDash said it will spend >$50M on driver gas relief this spring and expects ~$100M in gas-related costs in H1; management noted higher cost of revenue and increased S&M/R&D that pressured profit. DoorDash plans to spend more than $50 million on gas price relief for its drivers this spring
- Negative Sentiment: Revenue miss and profit softness — Q1 revenue came in below estimates and operating profit ticked down as costs rose with order volume, creating near-term margin uncertainty. DoorDash Profit Ticks Down Despite Higher Revenue
- Negative Sentiment: Acquisition and growth/valuation risks — Analysts warn about slower core growth, Deliveroo-related costs and valuation compression, factors that could cap upside if execution slips. DoorDash: Clear Opportunity Ahead Of Q1 Results
DoorDash Company Profile
DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.
In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.
Further Reading
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