DoorDash (NYSE:DASH) Receives New Coverage from Analysts at Evercore ISI


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Research analysts at Evercore ISI initiated coverage on shares of DoorDash (NYSE:DASH) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage set an “in-line” rating and a $153.00 price target on the stock. Evercore ISI’s price objective would indicate a potential upside of 2.61% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Needham & Company LLC initiated coverage on shares of DoorDash in a research report on Monday, January 4th. They set a “buy” rating and a $200.00 price target for the company. Susquehanna Bancshares initiated coverage on shares of DoorDash in a report on Friday, December 18th. They issued a “positive” rating and a $185.00 price objective on the stock. Wolfe Research began coverage on shares of DoorDash in a report on Wednesday, March 31st. They issued an “outperform” rating and a $180.00 price objective on the stock. Mizuho upped their target price on shares of DoorDash from $155.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, March 4th. Finally, Oppenheimer reiterated a “hold” rating on shares of DoorDash in a research note on Friday, February 26th. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $170.59.

DoorDash stock traded up $1.28 during trading on Tuesday, reaching $149.11. 83,308 shares of the company’s stock were exchanged, compared to its average volume of 3,252,124. The business’s 50-day simple moving average is $144.20. DoorDash has a 52-week low of $121.00 and a 52-week high of $256.09.

In related news, COO Christopher D. Payne sold 265,740 shares of the company’s stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $135.53, for a total value of $36,015,742.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Keith Yandell sold 162,587 shares of the company’s stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $130.00, for a total transaction of $21,136,310.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 477,792 shares of company stock valued at $63,753,923.

A number of hedge funds have recently added to or reduced their stakes in the business. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in DoorDash in the 4th quarter worth approximately $286,000. CRV LLC purchased a new stake in DoorDash in the 4th quarter worth approximately $1,148,291,000. Teachers Retirement System of The State of Kentucky purchased a new stake in DoorDash in the 4th quarter worth approximately $2,284,000. Hudson Bay Capital Management LP purchased a new stake in DoorDash in the 4th quarter worth approximately $3,569,000. Finally, Norges Bank purchased a new stake in DoorDash in the 4th quarter worth approximately $1,344,000.

DoorDash Company Profile

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

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Analyst Recommendations for DoorDash (NYSE:DASH)

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