Needham & Company LLC Cuts DoorDash (NASDAQ:DASH) Price Target to $265.00

DoorDash (NASDAQ:DASH) had its price objective decreased by Needham & Company LLC from $275.00 to $265.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price would suggest a potential upside of 52.84% from the company’s current price.

A number of other analysts have also recently weighed in on the company. Cantor Fitzgerald boosted their price target on DoorDash from $270.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. BMO Capital Markets restated an “outperform” rating on shares of DoorDash in a report on Friday, December 12th. Morgan Stanley reiterated an “overweight” rating and set a $275.00 price target on shares of DoorDash in a report on Thursday. KeyCorp reduced their price objective on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Finally, Mizuho dropped their target price on shares of DoorDash from $350.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $275.41.

DoorDash Trading Up 6.8%

NASDAQ:DASH opened at $173.38 on Thursday. The company has a market capitalization of $74.73 billion, a P/E ratio of 88.01 and a beta of 1.77. The stock’s 50 day moving average price is $209.66 and its 200 day moving average price is $232.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. DoorDash has a 52 week low of $155.40 and a 52 week high of $285.50.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.10). The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.98 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business’s revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, research analysts forecast that DoorDash will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In related news, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $234.57, for a total transaction of $7,037,100.00. Following the transaction, the chief operating officer directly owned 874,130 shares in the company, valued at $205,044,674.10. The trade was a 3.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tony Xu sold 16,667 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $230.00, for a total value of $3,833,410.00. Following the completion of the sale, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. This represents a 91.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 315,725 shares of company stock valued at $67,969,184 in the last three months. Company insiders own 5.83% of the company’s stock.

Hedge Funds Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC raised its position in DoorDash by 51.0% in the fourth quarter. Corient Private Wealth LLC now owns 43,080 shares of the company’s stock worth $9,757,000 after purchasing an additional 14,549 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of DoorDash by 16.3% in the 4th quarter. Vident Advisory LLC now owns 32,579 shares of the company’s stock worth $7,379,000 after buying an additional 4,567 shares in the last quarter. Beacon Pointe Advisors LLC raised its holdings in shares of DoorDash by 82.0% in the 4th quarter. Beacon Pointe Advisors LLC now owns 8,427 shares of the company’s stock worth $1,908,000 after buying an additional 3,798 shares in the last quarter. State of Tennessee Department of Treasury lifted its position in shares of DoorDash by 9.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 128,297 shares of the company’s stock worth $29,057,000 after buying an additional 10,811 shares during the period. Finally, Sunstone Asset Management L.P. acquired a new stake in DoorDash in the 4th quarter valued at $3,139,000. 90.64% of the stock is owned by institutional investors.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Management raised its order outlook and highlighted a push into AI/chatbot experiences that could drive higher engagement and new revenue streams — WSJ coverage. DoorDash Stock Jumps on Strong Order Forecast; Company Eyes Chatbot Era
• Positive Sentiment: CEO Tony Xu said DoorDash has an edge over Amazon in grocery delivery due to broader retail partnerships — supports growth potential in higher-frequency categories. DoorDash’s CEO says he’s got an edge on Amazon in groceries
• Neutral Sentiment: Company reiterated strategic shift toward owning the software/logistics stack and highlighted investments such as Agentic AI and international (Deliveroo) exposure — long-term strategic positives but near-term costly. DoorDash Q4 Earnings Highlight Deliveroo and Agentic AI Push
• Neutral Sentiment: Macro risk: broader U.S.-Iran tensions pressured futures and market sentiment today, weighing on cyclical/high-beta names including DASH. Stock Market Today: S&P 500, Nasdaq 100 Futures Fall Amid Escalating US-Iran Tensions
• Negative Sentiment: Q4 miss: EPS $0.48 vs. $0.58 expected and revenue $3.96B vs. $3.98B — the miss prompted initial selling. DoorDash Q4 Earnings and Revenues Miss Estimates
• Negative Sentiment: Weak near-term profitability guidance and ramped-up spending (international, Deliveroo stake, AI) expected to dent Q1 adjusted EBITDA and stoked investor concern. DoorDash Expects Ramped Up Spending to Dent First Quarter
• Negative Sentiment: Analyst and media notes highlighted investor worry about the investment cycle and margin pressure; Evercore ISI flagged that spending could weigh on sentiment. Evercore ISI’s Mark Mahaney: Fears around investment cycle weighing on Doordash
• Negative Sentiment: Reputational/regulatory flag: Signal Law Group issued a risk bulletin citing elevated pricing-transparency risk indicators, a potential long-term headwind. Signal Law Group Issues Vigilant Risk Score Bulletin on DoorDash

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.