Wedbush upgraded shares of DoorDash (NASDAQ:DASH – Free Report) from a neutral rating to an outperform rating in a report released on Friday, MarketBeat Ratings reports. The firm currently has $230.00 price target on the stock.
A number of other brokerages have also recently commented on DASH. The Goldman Sachs Group reduced their price target on shares of DoorDash from $280.00 to $275.00 in a research report on Thursday, August 6th. Citigroup reiterated a “market outperform” rating on shares of DoorDash in a research report on Friday. Needham & Company LLC lowered their target price on DoorDash from $265.00 to $235.00 and set a “buy” rating for the company in a research note on Friday. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 price target on shares of DoorDash in a research report on Friday. Finally, UBS Group reissued a “neutral” rating and set a $213.00 price objective on shares of DoorDash in a research note on Friday. Two research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $249.88.
Read Our Latest Report on DoorDash
DoorDash Stock Performance
NASDAQ DASH opened at $178.99 on Friday. DoorDash has a 52-week low of $143.30 and a 52-week high of $260.74. The company has a fifty day moving average of $197.84 and a 200-day moving average of $183.11. The company has a market capitalization of $77.56 billion, a P/E ratio of 73.96 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 (NASDAQ:DASH – Get Free Report) 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. The business had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.56 billion. DoorDash had a return on equity of 10.58% and a net margin of 6.23%. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. As a group, equities research analysts predict that DoorDash will post 2.51 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, COO Prabir Adarkar sold 55,289 shares of DoorDash 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 sale, the chief operating officer owned 930,211 shares of the company’s stock, valued at approximately $215,585,701.36. The trade was a 5.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 72,367 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $225.16, for a total transaction of $16,294,153.72. Following the completion of the transaction, the director directly owned 10,361 shares of the company’s stock, valued at approximately $2,332,882.76. The trade was a 87.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last ninety days, insiders sold 393,998 shares of company stock worth $85,861,330. Company insiders own 44.90% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of DASH. Ascent Group LLC boosted its position in shares of DoorDash by 16.8% in the 3rd quarter. Ascent Group LLC now owns 2,320 shares of the company’s stock worth $426,000 after purchasing an additional 333 shares in the last quarter. Caldwell Trust Co boosted its holdings in DoorDash by 7.2% in the third quarter. Caldwell Trust Co now owns 2,160 shares of the company’s stock worth $396,000 after acquiring an additional 145 shares in the last quarter. Rakuten Investment Management Inc. grew its stake in shares of DoorDash by 10.1% in the third quarter. Rakuten Investment Management Inc. now owns 102,629 shares of the company’s stock worth $19,202,000 after acquiring an additional 9,451 shares during the last quarter. Provenance Wealth Advisors LLC purchased a new stake in shares of DoorDash in the third quarter worth $61,000. Finally, Lyell Wealth Management LP raised its position in shares of DoorDash by 10.0% in the 3rd quarter. Lyell Wealth Management LP now owns 3,313 shares of the company’s stock worth $608,000 after purchasing an additional 300 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting DoorDash
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: Strong third-quarter results: DoorDash reported adjusted earnings of $1.06 per share, exceeding the $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion, also topping expectations. Management said the quarter set records for marketplace gross order volume, revenue and net income. DoorDash third-quarter results
- Positive Sentiment: Analysts still see upside: Wedbush upgraded DASH to “outperform” with a $230 price target, while Cantor Fitzgerald reaffirmed its “overweight” rating with a $240 target. Truist also kept a “buy” rating and raised its target to $340. Wedbush DoorDash rating
- Neutral Sentiment: AI demand remains limited: DoorDash said third-party AI agents generated only several hundred orders out of roughly 993 million quarterly orders. The disclosure reduces immediate fears that AI agents could disrupt its customer relationship, but also indicates that AI-driven ordering has not yet become a meaningful growth catalyst. DoorDash AI agent orders
- Negative Sentiment: Instacart deal creates major uncertainty: DoorDash agreed to acquire Instacart for approximately $17 billion, but the transaction may not close until late 2027 or early 2028. Instacart’s shares remain well below the $65 offer price, signaling investor concern over antitrust approval. Regulators and local officials have warned that the merger could reduce competition, increase prices or weaken gig-worker bargaining power. DoorDash Instacart regulatory risks
- Negative Sentiment: Mixed analyst revisions: Scotiabank lowered its target to $235 while retaining “sector outperform,” and Wells Fargo cut its target to $200 with an “equal weight” rating. Barclays also reduced its target to $205 and maintained “equal weight,” reflecting greater caution around valuation and the acquisition.
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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