Barclays Boosts DoorDash (NASDAQ:DASH) Price Target to $230.00

DoorDash (NASDAQ:DASH) had its price target increased by equities researchers at Barclays from $220.00 to $230.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 10.97% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Rothschild & Co Redburn set a $350.00 price target on shares of DoorDash in a report on Tuesday, May 12th. Guggenheim reiterated a “buy” rating and set a $255.00 price target on shares of DoorDash in a research report on Tuesday, June 23rd. Benchmark decreased their price target on shares of DoorDash from $285.00 to $270.00 and set a “buy” rating on the stock in a research note on Monday. Truist Financial cut their price objective on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Finally, Wells Fargo & Company decreased their target price on shares of DoorDash from $200.00 to $199.00 and set an “equal weight” rating on the stock in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $254.58.

DoorDash Trading Up 2.4%

Shares of DoorDash stock opened at $207.27 on Thursday. The firm has a market cap of $90.31 billion, a PE ratio of 98.70 and a beta of 1.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a fifty day moving average price of $178.38 and a 200-day moving average price of $174.43. DoorDash has a 1 year low of $143.30 and a 1 year high of $285.50.

DoorDash (NASDAQ:DASH) last issued its earnings results 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). DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the firm earned $0.65 EPS. The company’s revenue was up 35.6% compared to the same quarter last year. Equities research analysts anticipate that DoorDash will post 2.38 EPS for the current year.

Insider Activity at DoorDash

In related news, Director Stanley Tang sold 67,693 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $200.63, for a total transaction of $13,581,246.59. Following the transaction, the director owned 40,218 shares in the company, valued at $8,068,937.34. The trade was a 62.73% decrease in their position. 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, Director Shona L. Brown sold 582 shares of DoorDash stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $177.06, for a total value of $103,048.92. Following the completion of the sale, the director owned 31,156 shares in the company, valued at approximately $5,516,481.36. This represents a 1.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 142,620 shares of company stock worth $26,822,778 over the last ninety days. Insiders own 5.28% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Asset Management LLC increased its holdings in DoorDash by 7.8% in the 2nd quarter. Trust Asset Management LLC now owns 4,070 shares of the company’s stock worth $751,000 after acquiring an additional 294 shares in the last quarter. Tema ETFs LLC grew its holdings in DoorDash by 9.9% during the 2nd quarter. Tema ETFs LLC now owns 6,421 shares of the company’s stock valued at $1,185,000 after buying an additional 580 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of DoorDash by 34.6% during the second quarter. Handelsbanken Fonder AB now owns 210,142 shares of the company’s stock valued at $38,778,000 after buying an additional 54,041 shares during the last quarter. Fulcrum Equity Management raised its position in shares of DoorDash by 9.4% during the second quarter. Fulcrum Equity Management now owns 1,674 shares of the company’s stock valued at $309,000 after buying an additional 144 shares during the last quarter. Finally, Fulton Bank N.A. lifted its holdings in shares of DoorDash by 7.5% in the second quarter. Fulton Bank N.A. now owns 3,213 shares of the company’s stock worth $593,000 after buying an additional 223 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Analyst optimism increased: Cantor Fitzgerald raised its price target from $230 to $260 and assigned an “overweight” rating. Needham reaffirmed a “buy” rating with a $265 target, while BTIG maintained its “buy” rating with a $225 target. These targets imply meaningful potential appreciation from recent trading levels. Analyst rating updates
• Positive Sentiment: Revenue and demand remained strong: Second-quarter revenue increased 35.6% year over year to $4.45 billion, exceeding the $4.34 billion consensus estimate. DoorDash cited continued growth in its marketplaces, membership programs and monthly active users, while demand remained firm across food, grocery and convenience deliveries. DoorDash second-quarter results
• Positive Sentiment: Forward guidance exceeded expectations: DoorDash issued stronger third-quarter forecasts, suggesting that delivery demand and marketplace growth are holding up despite broader economic uncertainty. DoorDash guidance
• Positive Sentiment: Drone delivery expansion advanced: DoorDash received FAA approval for commercial drone deliveries, potentially improving delivery economics and expanding its logistics capabilities over time. DoorDash FAA drone approval

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.