DoorDash (NASDAQ:DASH – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at BTIG Research in a note issued to investors on Thursday,Benzinga reports. They presently have a $280.00 price objective on the stock. BTIG Research’s price objective would indicate a potential upside of 70.80% from the company’s current price.
Several other equities research analysts have also issued reports on DASH. Cantor Fitzgerald lowered their price objective on DoorDash from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Bank of America raised their price objective on DoorDash from $260.00 to $272.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Zacks Research lowered DoorDash from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Mizuho lowered their price objective on DoorDash from $320.00 to $255.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Finally, Sanford C. Bernstein lowered their price objective on DoorDash from $285.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $257.00.
View Our Latest Report on DASH
DoorDash Price Performance
DoorDash (NASDAQ:DASH – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. On average, research analysts expect that DoorDash will post 2.41 EPS for the current fiscal year.
Insider Buying and Selling
In related news, COO Prabir Adarkar sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $188.34, for a total transaction of $1,883,400.00. Following the completion of the sale, the chief operating officer directly owned 843,678 shares of the company’s stock, valued at approximately $158,898,314.52. This trade represents a 1.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total value of $3,214,950.00. Following the sale, the director directly owned 19,279 shares of the company’s stock, valued at $2,891,850. This represents a 52.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 43,933 shares of company stock valued at $7,135,413. Insiders own 5.83% of the company’s stock.
Institutional Investors Weigh In On DoorDash
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of DoorDash by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock worth $9,835,229,000 after acquiring an additional 713,571 shares during the last quarter. SC US Ttgp LTD. lifted its stake in shares of DoorDash by 1.6% during the 4th quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock worth $7,176,387,000 after acquiring an additional 506,358 shares during the last quarter. Morgan Stanley lifted its stake in shares of DoorDash by 2.3% during the 4th quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock worth $3,971,741,000 after acquiring an additional 391,596 shares during the last quarter. State Street Corp lifted its stake in shares of DoorDash by 3.0% during the 4th quarter. State Street Corp now owns 15,761,072 shares of the company’s stock worth $3,569,568,000 after acquiring an additional 464,448 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of DoorDash by 32.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after acquiring an additional 3,447,754 shares during the last quarter. 90.64% of the stock is owned by institutional investors.
DoorDash News Summary
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash beat Q1 earnings estimates, posting adjusted EPS of $0.42 versus roughly $0.36-$0.37 expected, while orders, Marketplace GOV, and customer growth remained strong, supporting the stock’s rally. DoorDash stock jumps 11% after earnings beat and strong delivery demand
- Positive Sentiment: The company issued a stronger-than-expected forecast for order growth, with investors viewing the outlook for food and grocery delivery demand as the key driver behind the stock’s advance. DoorDash shares jump after strong quarterly forecast on food, grocery delivery demand
- Positive Sentiment: Several brokerages reiterated bullish or supportive views after earnings, including Needham’s buy rating and BTIG’s buy rating, with multiple analysts keeping price targets well above the current stock price. Analyst price target and rating updates
- Neutral Sentiment: Analysts noted the quarter was mixed because revenue missed estimates and margins narrowed, which tempers the strength of the earnings beat. DoorDash Q1 Earnings Top Estimates, Revenues Increase Y/Y, Shares Up
- Neutral Sentiment: DoorDash also said it plans to spend more than $50 million on gas relief for drivers, a cost that pressures near-term profitability but does not appear to have changed its 2026 EBITDA margin outlook. DoorDash plans to spend more than $50 million on gas price relief for its drivers this spring
- Negative Sentiment: Citigroup and Susquehanna both lowered their price targets, suggesting some analysts see less upside than before even while maintaining positive ratings. Price target cuts from Citigroup and Susquehanna
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.
Further Reading
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