DoorDash (NASDAQ:DASH – Free Report) had its price target lowered by Citigroup from $280.00 to $250.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.
Other equities research analysts have also issued research reports about the stock. Benchmark increased their price objective on shares of DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Zacks Research lowered shares of DoorDash from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. BNP Paribas Exane initiated coverage on shares of DoorDash in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $280.00 price objective for the company. Moffett Nathanson set a $276.00 price objective on shares of DoorDash in a research report on Wednesday, April 15th. Finally, Stifel Nicolaus decreased their target price on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $257.00.
Read Our Latest Report on DASH
DoorDash Price Performance
DoorDash (NASDAQ:DASH – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. As a group, analysts predict that DoorDash will post 2.41 EPS for the current year.
Insiders Place Their Bets
In other DoorDash news, COO Prabir Adarkar sold 10,000 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $188.34, for a total transaction of $1,883,400.00. Following the sale, the chief operating officer directly owned 843,678 shares of the company’s stock, valued at approximately $158,898,314.52. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 1,250 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $176.61, for a total transaction of $220,762.50. Following the sale, the director directly owned 31,002 shares in the company, valued at $5,475,263.22. This trade represents a 3.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 43,933 shares of company stock valued at $7,135,413. Company insiders own 5.83% of the company’s stock.
Institutional Trading of DoorDash
A number of institutional investors and hedge funds have recently modified their holdings of DASH. Brighton Jones LLC raised its holdings in shares of DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after purchasing an additional 1,807 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of DoorDash by 21.5% during the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after purchasing an additional 303 shares during the period. Empowered Funds LLC raised its holdings in shares of DoorDash by 3.6% during the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after purchasing an additional 285 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of DoorDash by 92.9% during the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after purchasing an additional 2,049 shares during the period. Finally, Baird Financial Group Inc. acquired a new stake in shares of DoorDash during the second quarter worth $222,000. 90.64% of the stock is owned by institutional investors and hedge funds.
DoorDash News Roundup
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.
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