Cantor Fitzgerald Has Lowered Expectations for DoorDash (NASDAQ:DASH) Stock Price

DoorDash (NASDAQ:DASH) had its target price decreased by analysts at Cantor Fitzgerald from $260.00 to $240.00 in a research note issued on Monday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 24.29% from the company’s previous close.

A number of other brokerages have also weighed in on DASH. Moffett Nathanson decreased their target price on DoorDash from $280.00 to $278.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of DoorDash in a report on Thursday, September 3rd. Guggenheim reiterated a “buy” rating and set a $255.00 price target on shares of DoorDash in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their price objective on DoorDash from $250.00 to $262.00 in a report on Wednesday, August 5th. Finally, BTIG Research reissued a “buy” rating and set a $225.00 price objective on shares of DoorDash in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $254.95.

DoorDash Stock Down 0.6%

DASH opened at $193.09 on Monday. The firm has a market capitalization of $83.67 billion, a P/E ratio of 101.09 and a beta of 1.90. DoorDash has a one year low of $143.30 and a one year high of $285.50. The company has a fifty day moving average price of $206.24 and a 200-day moving average price of $183.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. Equities research analysts expect that DoorDash will post 2.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 29,567 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $230.00, for a total transaction of $6,800,410.00. Following the completion of the sale, the chief executive officer directly owned 1,500 shares in the company, valued at $345,000. This represents a 95.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $228.31, for a total transaction of $3,424,650.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 392,981 shares of company stock worth $85,663,015 over the last 90 days. Insiders own 44.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. JCP Investment Management LLC purchased a new position in DoorDash during the 1st quarter valued at about $991,000. Plato Investment Management Ltd bought a new position in DoorDash during the 2nd quarter valued at approximately $1,024,000. Quantinno Capital Management LP raised its position in DoorDash by 4.9% during the 1st quarter. Quantinno Capital Management LP now owns 655,095 shares of the company’s stock valued at $98,363,000 after purchasing an additional 30,881 shares during the last quarter. Monetta Financial Services Inc. purchased a new stake in DoorDash in the 2nd quarter worth approximately $1,015,000. Finally, Empirical Finance LLC purchased a new stake in DoorDash in the 2nd quarter worth approximately $2,644,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Big W partnership expands Australian retail opportunity. Woolworths-owned discount retailer BIG W is joining DoorDash, giving customers access to fast delivery of general merchandise and strengthening DoorDash’s position beyond restaurant delivery. Big W joins DoorDash in major shake-up to Australia’s discount retail delivery
• Positive Sentiment: Regional Australian expansion could broaden order volume. DoorDash is moving into Geraldton, Kalgoorlie and Horsham, extending coverage into additional regional markets and supporting its effort to capture more local delivery demand. DoorDash Moves To Geraldton, Kalgoorlie & Horsham Amid Regional Push
• Positive Sentiment: SKIMS collaboration raises consumer visibility. Kim Kardashian and SKIMS are promoting on-demand apparel delivery through a DoorDash partnership and advertising campaign. The deal may increase awareness of DoorDash’s retail and convenience-delivery capabilities, although its direct financial impact is unclear. Kim Kardashian Endorses On-Demand Apparel Delivery With New Skims x DoorDash Partnership and Ad Spot
• Neutral Sentiment: Business commentary remains supportive but does not introduce a new financial forecast. An analysis argues DoorDash has continued growing despite consumer spending pressure, attributing its resilience to scale and market positioning rather than product innovation. DoorDash Kept Growing Even as Consumers Cut Spending. Its Secret Isn’t Innovation
• Negative Sentiment: Cantor Fitzgerald lowered its DoorDash price target from $260 to $240. The firm retained an “overweight” rating, and the revised target still implies substantial upside based on the referenced price. Nevertheless, the reduction signals more cautious expectations and can pressure the stock, particularly given DoorDash’s high earnings multiple. DoorDash Given New $240 Price Target at Cantor Fitzgerald

DoorDash Company Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.