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

DoorDash (NASDAQ:DASH) had its target price boosted by Cantor Fitzgerald from $200.00 to $230.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group upped their price target on DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Truist Financial upped their target price on shares of DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Morgan Stanley increased their target price on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Piper Sandler boosted their price target on shares of DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Citigroup raised their price objective on shares of DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $202.67.

DoorDash Stock Up 4.0 %

NASDAQ DASH opened at $200.89 on Wednesday. DoorDash has a 1-year low of $99.32 and a 1-year high of $201.17. The stock’s 50 day moving average is $178.00 and its two-hundred day moving average is $156.37.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares in the company, valued at approximately $67,233,117.60. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total value of $3,616,600.00. Following the completion of the sale, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at approximately $167,307,894.26. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,040,758 shares of company stock valued at $181,434,201 over the last three months. Company insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently made changes to their positions in DASH. Rakuten Securities Inc. raised its stake in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the period. Pittenger & Anderson Inc. acquired a new position in DoorDash in the fourth quarter valued at about $29,000. Denver PWM LLC bought a new stake in shares of DoorDash in the fourth quarter worth about $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash during the fourth quarter worth about $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of DoorDash during the fourth quarter worth about $36,000. 90.64% of the stock is owned by institutional investors.

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.