DoorDash (NASDAQ:DASH) Stock Gets Price Target Trim from Wells Fargo & Company

DoorDash (NASDAQ:DASH) had its price objective decreased by Wells Fargo & Company from $230.00 to $200.00 in a report published on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other equities research analysts have also commented on the stock. Susquehanna lifted 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. Deutsche Bank Aktiengesellschaft raised their price target on shares of DoorDash from $255.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, August 6th. The Goldman Sachs Group decreased their target price on DoorDash from $280.00 to $275.00 in a research note on Thursday, August 6th. Barclays cut their target price on DoorDash from $230.00 to $205.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Roth Capital upped their price target on DoorDash from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $249.88.

DoorDash Price Performance

Shares of DoorDash stock opened at $178.99 on Friday. 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 $197.84 and its two-hundred day simple moving average is $183.11. The firm has a market cap of $77.56 billion, a PE ratio of 73.96 and a beta of 1.98. DoorDash has a 12-month low of $143.30 and a 12-month high of $260.74.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.25. DoorDash had a net margin of 6.23% and a return on equity of 10.58%. The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same period last year, the firm posted $0.55 EPS. The company’s revenue was up 34.0% on a year-over-year basis. As a group, equities analysts expect that DoorDash will post 2.64 EPS for the current year.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 23,125 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $186.19, for a total transaction of $4,305,643.75. Following the completion of the transaction, the director owned 10,361 shares of the company’s stock, valued at approximately $1,929,114.59. The trade was a 69.06% decrease in their position. The transaction was disclosed in a 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, COO Keith Yandell sold 2,183 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total transaction of $400,995.27. Following the completion of the transaction, the chief operating officer owned 118,505 shares in the company, valued at approximately $21,768,183.45. The trade was a 1.81% decrease in their position. 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 sold a total of 326,305 shares of company stock valued at $72,280,083 in the last quarter. Company insiders own 44.90% of the company’s stock.

Institutional Trading of DoorDash

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in DoorDash by 40.2% during the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock valued at $1,159,377,000 after buying an additional 2,225,954 shares in the last quarter. Temasek Holdings Private Ltd increased its stake in DoorDash by 49.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock valued at $519,744,000 after purchasing an additional 1,145,078 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of DoorDash by 2,304.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,452,110 shares of the company’s stock worth $633,635,000 after acquiring an additional 3,308,512 shares during the period. Bank of America Corp DE raised its position in shares of DoorDash by 18.4% in the first quarter. Bank of America Corp DE now owns 3,449,266 shares of the company’s stock worth $517,907,000 after acquiring an additional 536,080 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in DoorDash by 372.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,137,719 shares of the company’s stock worth $575,928,000 after buying an additional 2,472,980 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Strong third-quarter results: DoorDash reported adjusted earnings of $1.06 per share, exceeding the $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion, also topping expectations. Management said the quarter set records for marketplace gross order volume, revenue and net income. DoorDash third-quarter results
• Positive Sentiment: Analysts still see upside: Wedbush upgraded DASH to “outperform” with a $230 price target, while Cantor Fitzgerald reaffirmed its “overweight” rating with a $240 target. Truist also kept a “buy” rating and raised its target to $340. Wedbush DoorDash rating
• Neutral Sentiment: AI demand remains limited: DoorDash said third-party AI agents generated only several hundred orders out of roughly 993 million quarterly orders. The disclosure reduces immediate fears that AI agents could disrupt its customer relationship, but also indicates that AI-driven ordering has not yet become a meaningful growth catalyst. DoorDash AI agent orders
• Negative Sentiment: Instacart deal creates major uncertainty: DoorDash agreed to acquire Instacart for approximately $17 billion, but the transaction may not close until late 2027 or early 2028. Instacart’s shares remain well below the $65 offer price, signaling investor concern over antitrust approval. Regulators and local officials have warned that the merger could reduce competition, increase prices or weaken gig-worker bargaining power. DoorDash Instacart regulatory risks
• Negative Sentiment: Mixed analyst revisions: Scotiabank lowered its target to $235 while retaining “sector outperform,” and Wells Fargo cut its target to $200 with an “equal weight” rating. Barclays also reduced its target to $205 and maintained “equal weight,” reflecting greater caution around valuation and the acquisition.

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.