DoorDash (NASDAQ:DASH) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

DoorDash (NASDAQ:DASH) had its price target hoisted by investment analysts at Cantor Fitzgerald from $230.00 to $260.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 20.23% from the stock’s current price.

DASH has been the topic of several other research reports. BTIG Research restated a “buy” rating and set a $225.00 target price on shares of DoorDash in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $265.00 price target on shares of DoorDash in a research report on Thursday. Truist Financial reduced their price target on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Citigroup increased their price objective on shares of DoorDash from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday. Finally, KeyCorp dropped their target price on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Twenty-three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $253.50.

DoorDash Stock Up 1.4%

NASDAQ DASH opened at $216.26 on Thursday. The firm has a market cap of $94.23 billion, a PE ratio of 113.23 and a beta of 1.78. DoorDash has a one year low of $143.30 and a one year high of $285.50. The stock’s 50 day simple moving average is $180.65 and its 200 day simple moving average is $174.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.43.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. As a group, sell-side analysts forecast that DoorDash will post 2.4 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

In other news, COO Prabir Adarkar sold 21,739 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the transaction, the chief operating officer owned 959,076 shares of the company’s stock, valued at $148,896,549. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 67,693 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $200.63, for a total value of $13,581,246.59. Following the completion of the transaction, the director owned 40,218 shares in the company, valued at approximately $8,068,937.34. This represents a 62.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 142,620 shares of company stock valued at $26,822,778 over the last ninety days. Company insiders own 5.28% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Several institutional investors have recently modified their holdings of DASH. MV Capital Management Inc. bought a new stake in shares of DoorDash during the fourth quarter worth approximately $26,000. Sunbelt Securities Inc. boosted its stake in DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after acquiring an additional 67 shares during the last quarter. Swiss RE Ltd. bought a new position in DoorDash in the fourth quarter valued at approximately $28,000. ST Germain D J Co. Inc. acquired a new stake in DoorDash during the 4th quarter worth $29,000. Finally, Morse Asset Management Inc acquired a new stake in DoorDash during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash’s second-quarter revenue increased 35.6% year over year to $4.45 billion, exceeding the $4.34 billion consensus estimate. Growth in orders, marketplaces, memberships and the Deliveroo acquisition supported the top-line beat. DoorDash Q2 Earnings Miss on Higher R&D Costs, Revenue Beat
• Positive Sentiment: Management issued stronger-than-expected third-quarter guidance, indicating that demand for food, grocery and convenience delivery remains resilient. The company also said improving growth and unit economics are helping fund investments in DashPass, merchant services, artificial intelligence and autonomous delivery. DoorDash Issues Strong Guidance as Delivery Demand Keeps Rising
• Positive Sentiment: DoorDash received FAA approval to operate commercial air-carrier services in Charlotte, clearing a regulatory hurdle for drone deliveries. The initiative could eventually improve delivery speed and economics, although its financial contribution is likely longer term. DoorDash Cleared for Takeoff with FAA Air Carrier Approval
• Positive Sentiment: Several analysts raised their price targets: Cantor Fitzgerald increased its target to $260 and maintained an overweight rating, while Needham reiterated a buy rating with a $265 target. Barclays also lifted its target to $230, though it retained an equal-weight rating. DoorDash Given New Price Target at Barclays
• Neutral Sentiment: DoorDash is positioning artificial intelligence as a growth and efficiency driver, but management said AI-generated traffic is still limited. Autonomous delivery robot deployment also faces practical challenges involving charging, loading and complex pickups. DoorDash Faces Challenges Scaling Its Dot Delivery Robot
• Negative Sentiment: Adjusted earnings of $0.46 per share fell short of expectations and declined from $0.65 a year earlier. Higher research-and-development spending is pressuring near-term profitability as DoorDash invests in technology and expansion. DoorDash Q2 Earnings Miss Estimates
• Negative Sentiment: Director Stanley Tang sold 67,693 shares worth approximately $13.6 million under a pre-arranged Rule 10b5-1 plan. While scheduled insider sales do not necessarily signal deteriorating fundamentals, the transaction reduced his position by roughly 63%. Stanley Tang Sells DoorDash Shares

DoorDash Company Profile

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.