DoorDash (NASDAQ:DASH) Price Target Raised to $200.00

by · The Cerbat Gem

DoorDash (NASDAQ:DASH – Free Report) had its target price raised by Evercore ISI from $155.00 to $200.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also issued reports on DASH. Piper Sandler boosted their target price on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday. DA Davidson boosted their price objective on DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday. Roth Mkm upped their price objective on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Morgan Stanley lifted their target price on DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, BTIG Research upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Thursday, September 19th. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $163.12.

Get Our Latest Analysis on DASH

DoorDash Stock Performance

NASDAQ:DASH opened at $155.66 on Thursday. The stock’s fifty day moving average is $140.40 and its 200 day moving average is $124.21. The firm has a market capitalization of $64.06 billion, a PE ratio of -345.91, a PEG ratio of 331.02 and a beta of 1.67. DoorDash has a fifty-two week low of $83.58 and a fifty-two week high of $165.07.

DoorDash (NASDAQ:DASH – Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.46%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the business earned ($0.19) EPS. The business’s revenue was up 25.0% on a year-over-year basis. Equities analysts forecast that DoorDash will post 0.01 EPS for the current year.

Insider Activity at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 32,124 shares of DoorDash stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total value of $4,754,030.76. Following the transaction, the chief operating officer now directly owns 963,094 shares of the company’s stock, valued at approximately $142,528,281.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $149.83, for a total value of $7,491,500.00. Following the completion of the sale, the director now directly owns 18,089 shares in the company, valued at $2,710,274.87. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Prabir Adarkar sold 32,124 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the sale, the chief operating officer now directly owns 963,094 shares in the company, valued at approximately $142,528,281.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 383,710 shares of company stock valued at $53,725,640 over the last 90 days. Insiders own 7.92% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Several institutional investors and hedge funds have recently made changes to their positions in DASH. Baillie Gifford & Co. raised its stake in DoorDash by 0.8% in the 2nd quarter. Baillie Gifford & Co. now owns 12,497,488 shares of the company’s stock worth $1,359,477,000 after acquiring an additional 94,241 shares during the last quarter. Capital World Investors raised its stake in shares of DoorDash by 0.8% in the first quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock worth $1,304,242,000 after purchasing an additional 74,504 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of DoorDash by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock worth $753,281,000 after purchasing an additional 242,956 shares during the period. Janus Henderson Group PLC boosted its position in DoorDash by 11,416.7% in the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after buying an additional 3,425,115 shares during the last quarter. Finally, Dragoneer Investment Group LLC increased its holdings in DoorDash by 77.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock worth $309,755,000 after buying an additional 1,246,567 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

About DoorDash

(Get Free Report)

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.

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