DoorDash (NASDAQ:DASH) Stock Gets Price Target Trim from Scotiabank

DoorDash (NASDAQ:DASH) had its price objective dropped by equities research analysts at Scotiabank from $275.00 to $235.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank‘s target price points to a potential upside of 31.29% from the stock’s previous close.

Several other equities analysts have also recently commented on DASH. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $250.00 price objective on shares of DoorDash in a research note on Friday. Susquehanna upped their price target on shares of DoorDash from $225.00 to $250.00 and gave the stock a “positive” rating in a research note on Friday, August 7th. Barclays cut their price target on DoorDash from $230.00 to $205.00 and set an “equal weight” rating for the company in a research note on Friday. Citigroup reissued a “market outperform” rating on shares of DoorDash in a research note on Friday. Finally, Bank of America restated a “buy” rating on shares of DoorDash in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $249.88.

DoorDash Trading Down 0.0%

DASH traded down $0.01 during midday trading on Friday, hitting $178.99. 8,284,072 shares of the company were exchanged, compared to its average volume of 4,619,286. 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 firm has a market capitalization of $77.56 billion, a P/E ratio of 93.71 and a beta of 1.90. The firm’s 50 day moving average price is $198.71 and its 200-day moving average price is $183.29. DoorDash has a 1-year low of $143.30 and a 1-year high of $260.74.

DoorDash (NASDAQ:DASH) last issued its earnings results on Thursday, October 29th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.25. The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.56 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The firm’s revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. As a group, equities analysts forecast that DoorDash will post 2.51 EPS for the current fiscal year.

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 55,289 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $231.76, for a total value of $12,813,778.64. Following the completion of the sale, the chief operating officer owned 930,211 shares in the company, valued at $215,585,701.36. This trade represents a 5.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tony Xu sold 29,567 shares of DoorDash stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $230.00, for a total value of $6,800,410.00. Following the transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. This represents a 95.17% 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 393,998 shares of company stock worth $85,861,330 in the last three months. 44.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DoorDash

Several large investors have recently made changes to their positions in the company. City State Bank raised its stake in shares of DoorDash by 56.0% in the 3rd quarter. City State Bank now owns 156 shares of the company’s stock worth $29,000 after buying an additional 56 shares in the last quarter. Washington Trust Advisors Inc. lifted its holdings in DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after purchasing an additional 64 shares during the last quarter. Premier Path Wealth Partners LLC raised its holdings in DoorDash by 2.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock worth $465,000 after acquiring an additional 67 shares during the period. V Square Quantitative Management LLC boosted its stake in DoorDash by 3.3% during the 1st quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company’s stock valued at $349,000 after purchasing an additional 74 shares during the period. Finally, Raleigh Capital Management Inc. increased its position in DoorDash by 3.0% during the third quarter. Raleigh Capital Management Inc. now owns 2,868 shares of the company’s stock worth $526,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash reported third-quarter adjusted earnings of $1.06 per share, exceeding the $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion and topped expectations. The company also reported records for marketplace gross order volume, revenue and net income. DoorDash third-quarter results
• Positive Sentiment: Wedbush upgraded DASH to “outperform” with a $230 price target, while Cantor Fitzgerald reaffirmed its “overweight” rating and $240 target. The broader analyst consensus target remains substantially above the stock’s recent trading level. Wedbush DoorDash rating
• Positive Sentiment: The planned Instacart acquisition would expand DoorDash beyond restaurant delivery into grocery and could generate at least $500 million in operational efficiencies. Management says the combined platform could improve delivery density and strengthen competition with Amazon and Walmart. DoorDash Instacart acquisition
• Neutral Sentiment: DoorDash said AI agents have generated only several hundred orders, indicating that concerns about AI rapidly disintermediating delivery platforms have not yet affected a meaningful portion of its roughly 993 million quarterly orders. DoorDash AI agent orders
• Negative Sentiment: Regulatory uncertainty is the biggest overhang. The Instacart deal is not expected to close until late 2027 or early 2028, and the wide discount between Instacart’s market price and the $65 offer signals concern about antitrust approval, potential litigation and execution risk.
• Negative Sentiment: Wells Fargo cut its price target to $200 and Barclays reduced its target to $205; both assigned “equal weight” ratings. These cautious revisions offset the more bullish calls and suggest valuation and merger risks remain concerns for investors. Wells Fargo DoorDash rating

About DoorDash

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.