DoorDash (NASDAQ:DASH) Upgraded to Outperform at Wedbush

DoorDash (NASDAQ:DASH) was upgraded by research analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research report issued on Thursday,Benzinga reports. The brokerage currently has a $260.00 price target on the stock, up from their prior price target of $160.00. Wedbush’s price target points to a potential upside of 32.31% from the stock’s previous close. Wedbush also issued estimates for DoorDash’s Q4 2025 earnings at $0.55 EPS, FY2025 earnings at $2.20 EPS and FY2026 earnings at $4.05 EPS.

A number of other equities research analysts also recently commented on DASH. Weiss Ratings reissued a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. Royal Bank Of Canada reduced their price objective on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. BTIG Research restated a “buy” rating and set a $315.00 target price on shares of DoorDash in a research report on Thursday, November 6th. Evercore ISI reaffirmed an “outperform” rating and issued a $360.00 target price (up from $240.00) on shares of DoorDash in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. reduced their price objective on DoorDash from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $279.74.

DoorDash Trading Down 2.1%

Shares of DoorDash stock opened at $196.51 on Thursday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The firm has a market cap of $83.95 billion, a price-to-earnings ratio of 99.75 and a beta of 1.70. DoorDash has a 52-week low of $155.40 and a 52-week high of $285.50. The company’s 50-day simple moving average is $256.01 and its 200-day simple moving average is $237.98.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.13). The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. As a group, equities research analysts anticipate that DoorDash will post 2.22 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Tony Xu sold 291,403 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $238.19, for a total value of $69,409,280.57. Following the transaction, the chief executive officer directly owned 229,047 shares of the company’s stock, valued at approximately $54,556,704.93. This trade represents a 55.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Prabir Adarkar sold 41,881 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the completion of the sale, the chief operating officer directly owned 914,547 shares of the company’s stock, valued at $224,813,943.54. The trade was a 4.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 825,277 shares of company stock valued at $205,015,591. 5.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DoorDash

Large investors have recently modified their holdings of the stock. Jefferies Financial Group Inc. grew its position in DoorDash by 136.6% in the third quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company’s stock valued at $11,520,000 after acquiring an additional 24,454 shares in the last quarter. B. Metzler seel. Sohn & Co. AG grew its holdings in DoorDash by 2.3% during the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 11,060 shares of the company’s stock valued at $3,008,000 after purchasing an additional 245 shares in the last quarter. Parallel Advisors LLC increased its stake in DoorDash by 2.8% during the 3rd quarter. Parallel Advisors LLC now owns 5,641 shares of the company’s stock worth $1,534,000 after buying an additional 154 shares during the period. Meiji Yasuda Life Insurance Co lifted its holdings in DoorDash by 65.2% in the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 3,469 shares of the company’s stock worth $944,000 after buying an additional 1,369 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of DoorDash by 20.0% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,912 shares of the company’s stock worth $792,000 after acquiring an additional 486 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Company Profile

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.