Wedbush Upgrades DoorDash (NASDAQ:DASH) to Outperform

DoorDash (NASDAQ:DASH) was upgraded by research analysts at Wedbush from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, Marketbeat reports. The firm presently has a $260.00 price objective on the stock, up from their previous price objective of $160.00. Wedbush’s price objective indicates a potential upside of 25.63% from the stock’s current price. Wedbush also issued estimates for DoorDash’s Q4 2025 earnings at $0.55 EPS, FY2025 earnings at $2.20 EPS and FY2026 earnings at $4.05 EPS.

Several other analysts also recently weighed in on the company. Zacks Research downgraded DoorDash from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Evercore ISI reissued an “outperform” rating and issued a $360.00 target price (up from $240.00) on shares of DoorDash in a report on Friday, August 8th. Guggenheim raised DoorDash to a “strong-buy” rating in a research note on Wednesday, October 15th. Stifel Nicolaus reduced their price target on DoorDash from $255.00 to $253.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $325.00 price target (up previously from $275.00) on shares of DoorDash in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $279.00.

DoorDash Trading Up 6.0%

Shares of NASDAQ DASH opened at $206.96 on Thursday. DoorDash has a 1 year low of $155.40 and a 1 year high of $285.50. The stock has a market cap of $89.20 billion, a P/E ratio of 105.06 and a beta of 1.70. The firm has a 50-day moving average of $254.14 and a 200 day moving average of $237.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the company posted $0.38 EPS. DoorDash’s revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, sell-side analysts expect that DoorDash will post 2.22 EPS for the current fiscal year.

Insider Activity at DoorDash

In other news, COO Prabir Adarkar sold 24,968 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $272.32, for a total transaction of $6,799,285.76. Following the sale, the chief operating officer owned 909,579 shares of the company’s stock, valued at $247,696,553.28. This trade represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $244.39, for a total transaction of $11,097,749.90. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 791,110 shares of company stock valued at $196,549,692 over the last three months. 5.83% of the stock is owned by insiders.

Institutional Investors Weigh In On DoorDash

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of DoorDash by 25.8% during the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company’s stock valued at $7,200,642,000 after buying an additional 8,073,882 shares during the period. Norges Bank purchased a new stake in DoorDash during the second quarter valued at $1,185,576,000. AQR Capital Management LLC lifted its holdings in DoorDash by 442.5% in the first quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company’s stock valued at $321,799,000 after acquiring an additional 1,497,636 shares during the period. Invesco Ltd. boosted its position in DoorDash by 41.9% in the first quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock worth $877,269,000 after purchasing an additional 1,416,194 shares during the last quarter. Finally, Nuveen LLC purchased a new position in DoorDash in the first quarter worth about $211,415,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.