DoorDash (NASDAQ:DASH) Price Target Lowered to $230.00 at Cantor Fitzgerald

DoorDash (NASDAQ:DASH) had its target price reduced by Cantor Fitzgerald from $285.00 to $230.00 in a research report released on Thursday morning, Marketbeat.com reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued reports about the stock. Argus lowered their price target on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, December 12th. Truist Financial boosted their price objective on shares of DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Wedbush upped their price objective on shares of DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. dropped their target price on shares of DoorDash from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Jefferies Financial Group raised their target price on DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average target price of $265.91.

DoorDash Trading Up 1.6%

Shares of DASH stock opened at $176.19 on Thursday. The business has a 50-day moving average of $208.70 and a 200 day moving average of $231.84. 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 has a 1-year low of $155.40 and a 1-year high of $285.50. The stock has a market capitalization of $75.94 billion, a PE ratio of 83.11 and a beta of 1.77.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.46%. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. As a group, sell-side analysts anticipate that DoorDash will post 2.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Ravi Inukonda sold 1,017 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total value of $218,797.38. Following the completion of the transaction, the chief financial officer owned 208,412 shares of the company’s stock, valued at approximately $44,837,757.68. This represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 16,667 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $230.00, for a total value of $3,833,410.00. Following the completion of the transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at approximately $345,000. The trade was a 91.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 315,725 shares of company stock valued at $67,969,184 over the last ninety days. 5.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DoorDash

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of DoorDash by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock valued at $9,835,229,000 after buying an additional 713,571 shares in the last quarter. SC US Ttgp LTD. boosted its stake in DoorDash by 1.6% during the fourth quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock worth $7,176,387,000 after acquiring an additional 506,358 shares in the last quarter. Morgan Stanley grew its holdings in DoorDash by 2.3% in the fourth quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock worth $3,971,741,000 after purchasing an additional 391,596 shares during the period. State Street Corp increased its stake in shares of DoorDash by 3.0% during the fourth quarter. State Street Corp now owns 15,761,072 shares of the company’s stock valued at $3,569,568,000 after purchasing an additional 464,448 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of DoorDash by 32.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock valued at $3,161,234,000 after purchasing an additional 3,447,754 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Surging orders and revenue growth: DoorDash reported a 32% YoY increase in orders and ~38% revenue growth, evidence of sustained demand that traders are rewarding. Orders Surge Article
• Positive Sentiment: Strong forward commentary on order trajectory and AI/expansion: Management’s order forecast and remarks about AI/chatbot initiatives and new verticals (grocery/retail) have reassured investors that unit economics and new businesses can drive future profit. WSJ Order Forecast Article
• Positive Sentiment: Analyst bullishness: Several analysts raised targets (Truist to $340, BofA to $272) and MarketBeat highlighted a potential rebound and double‑digit analyst upside — supporting the recovery narrative. Analyst Moves MarketBeat Rebound
• Positive Sentiment: Longer-term AI/retail thesis: Coverage highlighting DoorDash as an “AI beneficiary” and its strategy to own local commerce software/logistics has helped sentiment beyond the quarter. Seeking Alpha AI Article
• Neutral Sentiment: Short‑interest data appears anomalous/glitched (reported as 0 shares / NaN change) and isn’t providing a clear signal to traders today.
• Negative Sentiment: Earnings miss and cautious near‑term outlook: Q4 EPS of $0.48 missed consensus of $0.58 and revenue slightly missed estimates; DoorDash also warned of higher spending that will dent Q1 profitability. CNBC Earnings Article
• Negative Sentiment: Initial post‑earnings selloff / increased investment risk: Shares plunged after hours then recovered; investors are weighing ramped‑up international/technology spending and Deliveroo investments that could pressure near‑term margins. Proactive Investors
• Negative Sentiment: Mixed analyst downgrades/target cuts: Some firms trimmed targets (Cantor Fitzgerald, Needham, DA Davidson), introducing caution and potential volatility despite other raises. Price Target Cuts

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.