Truist Financial Issues Positive Forecast for DoorDash (NASDAQ:DASH) Stock Price

DoorDash (NASDAQ:DASH) had its price target increased by Truist Financial from $336.00 to $340.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently issued reports on DASH. Moffett Nathanson lowered their price objective on DoorDash from $280.00 to $278.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Rosenblatt Securities started coverage on DoorDash in a report on Tuesday, September 1st. They issued a “buy” rating and a $270.00 target price for the company. Guggenheim reissued a “buy” rating and issued a $255.00 target price on shares of DoorDash in a report on Wednesday, October 14th. Roth Capital boosted their price target on DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, Wells Fargo & Company upped their price target on DoorDash from $225.00 to $230.00 and gave the company a “cautious” rating in a report on Monday, October 5th. 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $249.88.

DoorDash Stock Down 0.0%

NASDAQ:DASH opened at $178.99 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $77.56 billion, a P/E ratio of 73.96 and a beta of 1.90. DoorDash has a fifty-two week low of $143.30 and a fifty-two week high of $260.74. The firm has a 50-day simple moving average of $197.84 and a two-hundred day simple moving average of $183.11.

DoorDash (NASDAQ:DASH) last issued its earnings results on Thursday, October 29th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.25. DoorDash had a net margin of 6.23% and a return on equity of 10.58%. The firm had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s revenue was up 34.0% on a year-over-year basis. Analysts predict that DoorDash will post 2.51 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Tony Xu sold 29,567 shares of DoorDash stock in a transaction 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 completion of the sale, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. The trade was a 95.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,505 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $220.62, for a total value of $4,303,193.10. Following the completion of the transaction, the chief financial officer directly owned 232,938 shares in the company, valued at approximately $51,390,781.56. This represents a 7.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 393,998 shares of company stock worth $85,861,330. Insiders own 44.90% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Hedge funds and other institutional investors have recently made changes to their positions in the business. Activest Wealth Management boosted its holdings in shares of DoorDash by 892.9% in the third quarter. Activest Wealth Management now owns 139 shares of the company’s stock worth $26,000 after buying an additional 125 shares during the last quarter. Washington Trust Advisors Inc. raised its position in shares of DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after purchasing an additional 64 shares during the period. City State Bank raised its position in shares of DoorDash by 56.0% during the 3rd quarter. City State Bank now owns 156 shares of the company’s stock valued at $29,000 after purchasing an additional 56 shares during the period. Signature Equity Partners LLC raised its position in shares of DoorDash by 213.5% during the 3rd quarter. Signature Equity Partners LLC now owns 163 shares of the company’s stock valued at $30,000 after purchasing an additional 111 shares during the period. Finally, Clark Wealth Partners lifted its stake in shares of DoorDash by 833.3% during the 3rd quarter. Clark Wealth Partners now owns 196 shares of the company’s stock valued at $36,000 after buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Key DoorDash News

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.

DoorDash Company Profile

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.