DoorDash (NASDAQ:DASH) Price Target Raised to $200.00 at Wells Fargo & Company

DoorDash (NASDAQ:DASH) had its target price upped by equities research analysts at Wells Fargo & Company from $198.00 to $200.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 20.23% from the stock’s current price.

A number of other research analysts also recently issued reports on DASH. Oppenheimer dropped their target price on shares of DoorDash from $280.00 to $235.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Piper Sandler reduced their price target on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday. DA Davidson dropped their price objective on shares of DoorDash from $260.00 to $224.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. UBS Group cut their price objective on shares of DoorDash from $240.00 to $206.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Finally, Barclays reduced their price target on shares of DoorDash from $238.00 to $220.00 and set an “equal weight” rating for the company in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average target price of $259.03.

DoorDash Trading Down 1.0%

Shares of DoorDash stock traded down $1.62 on Thursday, hitting $166.35. 6,273,859 shares of the company’s stock traded hands, compared to its average volume of 4,824,335. The company has a fifty day moving average of $166.87 and a two-hundred day moving average of $197.65. DoorDash has a one year low of $143.30 and a one year high of $285.50. The company has a market capitalization of $72.27 billion, a price-to-earnings ratio of 78.68 and a beta of 1.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company’s revenue was up 33.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. As a group, sell-side analysts expect that DoorDash will post 2.44 earnings per share for the current year.

Insider Transactions at DoorDash

In other news, COO Prabir Adarkar sold 10,000 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $188.34, for a total transaction of $1,883,400.00. Following the completion of the transaction, the chief operating officer owned 843,678 shares in the company, valued at approximately $158,898,314.52. This represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of DoorDash stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the completion of the transaction, the director owned 19,279 shares of the company’s stock, valued at $2,891,850. The trade was a 52.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 43,933 shares of company stock worth $7,135,413. 5.83% of the stock is owned by company insiders.

Institutional Trading of DoorDash

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after buying an additional 1,807 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of DoorDash by 21.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after acquiring an additional 303 shares in the last quarter. Empowered Funds LLC boosted its position in shares of DoorDash by 3.6% during the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after acquiring an additional 285 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of DoorDash by 92.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after acquiring an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in shares of DoorDash during the second quarter worth about $222,000. 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: Q1 EPS beat and raised outlook — DoorDash reported adjusted EPS of $0.42, topping expectations, and issued Q2 marketplace order/GOV guidance above Street forecasts, which is the main driver of the share rally. Beat-and-Raise Driving DoorDash Stock Higher
• Positive Sentiment: Strong delivery demand & marketplace growth — Management highlighted robust order growth, record membership signups and grocery/retail expansion fueling a 37% jump in marketplace sales, supporting longer-term revenue diversification. DoorDash Grocery Growth Fuels 37% Marketplace Sales Jump
• Positive Sentiment: Analyst support — Some firms reaffirmed bullish ratings with high price targets (Needham $265, BTIG $280), reinforcing upside narratives even as others trimmed targets. Benzinga coverage of analyst notes
• Neutral Sentiment: Market reaction and commentary — Multiple outlets note the stock is rallying despite the report being mixed, signaling investor focus on forward demand trends rather than the near-term revenue miss. DoorDash’s results and outlook were mixed. The stock is soaring anyway.
• Negative Sentiment: Revenue came in light and margins pressured — Q1 revenue missed estimates ($4.04B vs. ~$4.15B expected) and profit metrics were hit by higher cost of revenue plus increased sales/marketing and R&D spend. Wall Street Journal: Profit Ticks Down
• Negative Sentiment: Driver gas relief and cost guidance — DoorDash disclosed ~$$50M–$100M in driver gas support for spring/H1; CFO said some investments will be delayed to offset the expense, which pressures near-term margins. AP News: DoorDash plans gas price relief
• Negative Sentiment: Two price-target cuts — Two Wall Street firms lowered price targets after the print, signaling some analyst concern that the beat and outlook may not fully offset margin pressures and acquisition-related costs. DoorDash Just Got Two 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.