Shares of DoorDash, Inc. (NASDAQ:DASH – Get Free Report) have been given an average rating of “Moderate Buy” by the thirty-three brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and twenty-three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $254.0882.
DASH has been the subject of several analyst reports. BTIG Research restated a “buy” rating and set a $225.00 price target on shares of DoorDash in a report on Thursday, August 6th. Truist Financial increased their price objective on shares of DoorDash from $330.00 to $336.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Susquehanna increased their price objective on shares of DoorDash from $225.00 to $250.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Barclays lifted their target price on shares of DoorDash from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Finally, Jefferies Financial Group boosted their target price on shares of DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, July 14th.
Read Our Latest Analysis on DoorDash
Key DoorDash News
- Positive Sentiment: Expanded retail partnerships broaden DoorDash’s addressable market. DoorDash is making back-to-school shopping available through Barnes & Noble, Carter’s and Kohl’s, while Australia’s BIG W is launching same-day delivery through the platform. These deals could increase order frequency and diversify revenue beyond restaurant delivery. DoorDash Makes Back-to-School Shopping Easier with Barnes & Noble, Carter’s, and Kohl’s BIG W launches same-day delivery through DoorDash partnership
- Positive Sentiment: DoorDash is expanding into video-game commerce. The company has begun selling video games, apparently using pickup or retailer fulfillment rather than delivering the products directly. The initiative is strategically positive because it extends DoorDash’s marketplace into another high-demand retail category, though the near-term financial impact is likely limited. DoorDash starts selling video games but won’t drop them at your door
- Positive Sentiment: Autonomous delivery could improve long-term operating efficiency. DoorDash and Grubhub are taking delivery robots previously unwanted by Uber, and DoorDash’s robotics partnerships are expanding. Wider robot deployment could eventually reduce delivery costs and support higher order volumes, although the articles provide no timeline or quantified savings. Grubhub and DoorDash are taking the delivery robots Uber didn’t want
- Neutral Sentiment: Reports that DoorDash and Uber Eats will avoid raising prices after delivery-worker minimum wages were locked in may help preserve customer demand, but could constrain margins if labor costs rise. UberEats and DoorDash to avoid increasing prices
- Negative Sentiment: A wrongful-death lawsuit connected to a customer killed while picking up a DoorDash order creates some reputational and potential legal overhang, although the reported claims target the alleged shooter and Popeyes rather than clearly identifying DoorDash as a defendant. Mother of man killed while picking up DoorDash order sues Popeyes and alleged shooter
DoorDash Price Performance
Shares of DASH opened at $216.35 on Friday. DoorDash has a 1 year low of $143.30 and a 1 year high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $93.74 billion, a price-to-earnings ratio of 113.27 and a beta of 1.78. The business has a 50-day moving average of $188.55 and a 200-day moving average of $174.89.
DoorDash (NASDAQ:DASH – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 earnings per share. As a group, equities research analysts anticipate that DoorDash will post 2.47 earnings per share for the current year.
Insider Transactions at DoorDash
In other news, Director Andy Fang sold 5,000 shares of DoorDash stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $180.00, for a total value of $900,000.00. The transaction was disclosed in a document filed 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. Also, CFO Ravi Inukonda sold 19,095 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $188.04, for a total value of $3,590,623.80. Following the completion of the transaction, the chief financial officer directly owned 252,443 shares in the company, valued at $47,469,381.72. This represents a 7.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 142,620 shares of company stock worth $26,822,778. Corporate insiders own 5.28% of the company’s stock.
Hedge Funds Weigh In On DoorDash
Several institutional investors have recently added to or reduced their stakes in DASH. Public Employees Retirement System of Ohio bought a new position in shares of DoorDash during the 2nd quarter worth approximately $25,772,000. Ally Financial Inc. bought a new stake in shares of DoorDash in the 2nd quarter valued at $1,292,000. GCQ FUNDS MANAGEMENT PTY Ltd bought a new stake in shares of DoorDash in the 2nd quarter valued at $6,811,000. Heartland Bank & Trust Co acquired a new position in shares of DoorDash during the 2nd quarter valued at $254,000. Finally, Monetta Financial Services Inc. acquired a new position in shares of DoorDash during the 2nd quarter valued at $1,015,000. 90.64% of the stock is owned by institutional investors and hedge funds.
About DoorDash
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.
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