Brokerages Set DoorDash, Inc. (NASDAQ:DASH) PT at $257.47

DoorDash, Inc. (NASDAQ:DASH) has earned a consensus rating of “Moderate Buy” from the thirty-six research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $257.4722.

A number of brokerages have recently commented on DASH. Jefferies Financial Group boosted their price target on DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Susquehanna lifted their target price on DoorDash from $225.00 to $250.00 and gave the company a “positive” rating in a research report on Friday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a research note on Friday, August 7th. TD Cowen upped their price target on DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $220.00 price target (up from $205.00) on shares of DoorDash in a research note on Thursday, August 6th.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Scotiabank initiated coverage of DoorDash with a “sector outperform” rating and a $275 price target, implying substantial upside from the reference price. The bullish view provides a near-term catalyst for DASH shares. Scotiabank DoorDash coverage
• Positive Sentiment: DoorDash continues to receive broadly favorable analyst sentiment, with the stock carrying a consensus “Moderate Buy” rating. DoorDash receives Moderate Buy consensus
• Neutral Sentiment: A reported September short-interest update shows zero shares sold short both currently and in the prior period. Because the figures appear inconsistent, the data provides no meaningful signal about short-term trading pressure.
• Neutral Sentiment: Several reports involving DoorDash drivers describe violent or contentious incidents, including a 2021 unsolved road-rage killing, an alleged firearm display during a Florida delivery, and a Houston driver being struck by a fleeing vehicle. These are individual incidents and do not indicate a direct financial impact on DoorDash, but they highlight ongoing safety and reputational risks. Palm Beach DoorDash delivery incident
• Negative Sentiment: Walmart’s expansion into donut delivery could increase competition for DoorDash in convenience and local-delivery categories. Walmart’s scale and customer reach may pressure order volume, pricing, or merchant relationships over time. Walmart expands donut delivery
• Negative Sentiment: Reports of ICE agents surrounding homes during DoorDash deliveries add politically sensitive reputational risk, although the events appear unrelated to DoorDash’s operations or financial performance. DoorDash delivery and ICE incident

DoorDash Trading Up 0.5%

Shares of NASDAQ:DASH opened at $201.95 on Thursday. DoorDash has a 12 month low of $143.30 and a 12 month high of $285.50. 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 company’s fifty day simple moving average is $205.21 and its 200 day simple moving average is $179.69. The firm has a market cap of $87.50 billion, a price-to-earnings ratio of 105.73 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company’s revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. As a group, research analysts forecast that DoorDash will post 2.53 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Andy Fang sold 15,000 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $228.31, for a total transaction of $3,424,650.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 16,044 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $228.55, for a total value of $3,666,856.20. Following the transaction, the chief financial officer directly owned 217,911 shares of the company’s stock, valued at $49,803,559.05. This trade represents a 6.86% 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 a total of 399,553 shares of company stock valued at $87,034,140 over the last 90 days. 44.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new stake in shares of DoorDash during the fourth quarter worth $26,000. Washington Trust Advisors Inc. grew its stake in shares of DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after acquiring an additional 64 shares in the last quarter. Swiss RE Ltd. bought a new position in DoorDash during the fourth quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new position in DoorDash during the fourth quarter worth about $32,000. Finally, Sunbelt Securities Inc. increased its position in DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after acquiring an additional 67 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Company Profile

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.