DoorDash (NASDAQ:DASH) Stock Price Target Lowered at Scotiabank

DoorDash (NASDAQ:DASH) had its price objective decreased by Scotiabank from $275.00 to $235.00 in a report issued on Friday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

DASH has been the subject of a number of other reports. The Goldman Sachs Group cut their price objective on shares of DoorDash from $280.00 to $275.00 in a report on Thursday, August 6th. Argus upped their target price on shares of DoorDash from $190.00 to $270.00 in a research report on Thursday, August 27th. Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a research note on Friday. Barclays reduced their price target on shares of DoorDash from $230.00 to $205.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Truist Financial lifted their price target on shares of DoorDash from $336.00 to $340.00 and gave the company a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.88.

DoorDash Stock Performance

NASDAQ DASH opened at $178.99 on Friday. The firm has a market cap of $77.56 billion, a price-to-earnings ratio of 73.96 and a beta of 1.90. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $197.84 and a 200-day moving average price of $183.11. DoorDash has a twelve month low of $143.30 and a twelve month high of $260.74.

DoorDash (NASDAQ:DASH) last released its earnings results on Thursday, October 29th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.25. The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.56 billion. DoorDash had a return on equity of 10.58% and a net margin of 6.23%. The firm’s revenue was up 34.0% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. As a group, equities research analysts predict that DoorDash will post 2.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 23,125 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $186.19, for a total value of $4,305,643.75. Following the sale, the director directly owned 10,361 shares in the company, valued at approximately $1,929,114.59. This represents a 69.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 8,738 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $180.85, for a total value of $1,580,267.30. Following the sale, the chief operating officer directly owned 921,473 shares of the company’s stock, valued at $166,648,392.05. This represents a 0.94% 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. Insiders have sold 393,998 shares of company stock valued at $85,861,330 over the last quarter. Corporate insiders own 44.90% of the company’s stock.

Institutional Trading of DoorDash

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ascent Group LLC raised its holdings in DoorDash by 16.8% in the third quarter. Ascent Group LLC now owns 2,320 shares of the company’s stock worth $426,000 after purchasing an additional 333 shares in the last quarter. Caldwell Trust Co lifted its position in shares of DoorDash by 7.2% during the third quarter. Caldwell Trust Co now owns 2,160 shares of the company’s stock valued at $396,000 after buying an additional 145 shares during the last quarter. Rakuten Investment Management Inc. boosted its holdings in shares of DoorDash by 10.1% in the 3rd quarter. Rakuten Investment Management Inc. now owns 102,629 shares of the company’s stock valued at $19,202,000 after buying an additional 9,451 shares in the last quarter. Provenance Wealth Advisors LLC bought a new stake in shares of DoorDash in the 3rd quarter valued at about $61,000. Finally, Lyell Wealth Management LP boosted its holdings in shares of DoorDash by 10.0% in the 3rd quarter. Lyell Wealth Management LP now owns 3,313 shares of the company’s stock valued at $608,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Strong third-quarter results: DoorDash reported adjusted earnings of $1.06 per share, exceeding the $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion, also topping expectations. Management said the quarter set records for marketplace gross order volume, revenue and net income. DoorDash third-quarter results
• Positive Sentiment: Analysts still see upside: Wedbush upgraded DASH to “outperform” with a $230 price target, while Cantor Fitzgerald reaffirmed its “overweight” rating with a $240 target. Truist also kept a “buy” rating and raised its target to $340. Wedbush DoorDash rating
• Neutral Sentiment: AI demand remains limited: DoorDash said third-party AI agents generated only several hundred orders out of roughly 993 million quarterly orders. The disclosure reduces immediate fears that AI agents could disrupt its customer relationship, but also indicates that AI-driven ordering has not yet become a meaningful growth catalyst. DoorDash AI agent orders
• Negative Sentiment: Instacart deal creates major uncertainty: DoorDash agreed to acquire Instacart for approximately $17 billion, but the transaction may not close until late 2027 or early 2028. Instacart’s shares remain well below the $65 offer price, signaling investor concern over antitrust approval. Regulators and local officials have warned that the merger could reduce competition, increase prices or weaken gig-worker bargaining power. DoorDash Instacart regulatory risks
• Negative Sentiment: Mixed analyst revisions: Scotiabank lowered its target to $235 while retaining “sector outperform,” and Wells Fargo cut its target to $200 with an “equal weight” rating. Barclays also reduced its target to $205 and maintained “equal weight,” reflecting greater caution around valuation and the acquisition.

DoorDash Company Profile

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.