DoorDash (NASDAQ:DASH) Price Target Lowered to $224.00 at DA Davidson

DoorDash (NASDAQ:DASH) had its target price trimmed by DA Davidson from $260.00 to $224.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also recently weighed in on DASH. Susquehanna cut their price target on DoorDash from $300.00 to $250.00 and set a “positive” rating for the company in a report on Friday, November 7th. KeyCorp lowered their target price on DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Morgan Stanley restated an “overweight” rating and issued a $275.00 price target on shares of DoorDash in a research report on Thursday. Argus decreased their price target on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. Finally, Truist Financial increased their price objective on shares of DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $265.91.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $176.19 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market cap of $75.94 billion, a P/E ratio of 83.11 and a beta of 1.77. The firm’s fifty day moving average is $208.70 and its two-hundred day moving average is $231.84. DoorDash has a 52-week low of $155.40 and a 52-week high of $285.50.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a net margin of 6.82% and a return on equity of 10.46%. The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. As a group, analysts anticipate that DoorDash will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other news, Director Alfred Lin purchased 389,047 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average cost of $193.81 per share, with a total value of $75,401,199.07. Following the purchase, the director owned 389,047 shares in the company, valued at approximately $75,401,199.07. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $205.07, for a total transaction of $9,312,228.70. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 315,725 shares of company stock valued at $67,969,184. Insiders own 5.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Physician Wealth Advisors Inc. boosted its holdings in DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares during the period. Eastern Bank lifted its position in shares of DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Swiss RE Ltd. purchased a new stake in shares of DoorDash during the fourth quarter valued at $28,000. ST Germain D J Co. Inc. purchased a new stake in shares of DoorDash during the fourth quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of DoorDash in the fourth quarter worth about $32,000. Institutional investors own 90.64% of the company’s stock.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Surging orders and revenue growth: DoorDash reported a 32% YoY increase in orders and ~38% revenue growth, evidence of sustained demand that traders are rewarding. Orders Surge Article
• Positive Sentiment: Strong forward commentary on order trajectory and AI/expansion: Management’s order forecast and remarks about AI/chatbot initiatives and new verticals (grocery/retail) have reassured investors that unit economics and new businesses can drive future profit. WSJ Order Forecast Article
• Positive Sentiment: Analyst bullishness: Several analysts raised targets (Truist to $340, BofA to $272) and MarketBeat highlighted a potential rebound and double‑digit analyst upside — supporting the recovery narrative. Analyst Moves MarketBeat Rebound
• Positive Sentiment: Longer-term AI/retail thesis: Coverage highlighting DoorDash as an “AI beneficiary” and its strategy to own local commerce software/logistics has helped sentiment beyond the quarter. Seeking Alpha AI Article
• Neutral Sentiment: Short‑interest data appears anomalous/glitched (reported as 0 shares / NaN change) and isn’t providing a clear signal to traders today.
• Negative Sentiment: Earnings miss and cautious near‑term outlook: Q4 EPS of $0.48 missed consensus of $0.58 and revenue slightly missed estimates; DoorDash also warned of higher spending that will dent Q1 profitability. CNBC Earnings Article
• Negative Sentiment: Initial post‑earnings selloff / increased investment risk: Shares plunged after hours then recovered; investors are weighing ramped‑up international/technology spending and Deliveroo investments that could pressure near‑term margins. Proactive Investors
• Negative Sentiment: Mixed analyst downgrades/target cuts: Some firms trimmed targets (Cantor Fitzgerald, Needham, DA Davidson), introducing caution and potential volatility despite other raises. Price Target Cuts

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.