DoorDash (NASDAQ:DASH) Given New $235.00 Price Target at Scotiabank

Key Points

• Scotiabank lowered DoorDash’s price target from $275 to $235 while maintaining a “sector outperform” rating; the new target implies approximately 31% upside from the prior close.
• DoorDash reported stronger-than-expected quarterly results, with adjusted EPS of $1.06 versus $0.81 expected and revenue up 34% year over year to $4.62 billion.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and average target of $249.88, though regulatory and execution risks surrounding the planned Instacart acquisition remain significant concerns.

DoorDash (NASDAQ:DASH - Get Free Report) had its target price decreased by analysts at Scotiabank from $275.00 to $235.00 in a research note issued on Friday, Benzinga reports. The firm currently has a "sector outperform" rating on the stock. Scotiabank's target price indicates a potential upside of 31.29% from the stock's previous close.

Several other brokerages have also recently weighed in on DASH. Jefferies Financial Group increased their price objective on shares of DoorDash from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Needham & Company LLC cut their price objective on shares of DoorDash from $265.00 to $235.00 and set a "buy" rating on the stock in a research report on Friday. Mizuho set a $255.00 price target on shares of DoorDash in a report on Friday. Cantor Fitzgerald restated an "overweight" rating and set a $240.00 price objective on shares of DoorDash in a research report on Friday. Finally, Wedbush upgraded shares of DoorDash from a "neutral" rating to an "outperform" rating and set a $230.00 price target for the company in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $249.88.

DoorDash Trading Down 0.0%

DASH stock traded down $0.01 during midday trading on Friday, hitting $178.99. The company had a trading volume of 8,284,072 shares, compared to its average volume of 4,619,286. The stock has a market cap of $77.56 billion, a price-to-earnings ratio of 93.71 and a beta of 1.90. DoorDash has a 52 week low of $143.30 and a 52 week high of $260.74. The stock's 50 day moving average price is $198.71 and its 200 day moving average price is $183.29. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.25. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The company had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same quarter last year, the firm posted $0.55 earnings per share. The firm's revenue was up 34.0% on a year-over-year basis. As a group, equities research analysts expect that DoorDash will post 2.51 earnings per share for the current fiscal year.

Insider Activity at DoorDash

In other news, Director Stanley Tang sold 72,367 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $225.16, for a total transaction of $16,294,153.72. Following the completion of the sale, the director owned 10,361 shares in the company, valued at approximately $2,332,882.76. This represents a 87.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Ravi Inukonda sold 19,505 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $220.62, for a total value of $4,303,193.10. Following the sale, the chief financial officer directly owned 232,938 shares of the company's stock, valued at $51,390,781.56. The trade was a 7.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 393,998 shares of company stock valued at $85,861,330 over the last 90 days. 44.90% of the stock is owned by insiders.

Institutional Investors Weigh In On DoorDash

A number of large investors have recently bought and sold shares of DASH. Janus Henderson Group PLC raised its position in DoorDash by 40.2% in the first quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company's stock worth $1,159,377,000 after purchasing an additional 2,225,954 shares in the last quarter. Temasek Holdings Private Ltd raised its position in shares of DoorDash by 49.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company's stock valued at $519,744,000 after acquiring an additional 1,145,078 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in 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 valued at $633,635,000 after acquiring an additional 3,308,512 shares during the period. Bank of America Corp DE boosted its holdings 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 valued at $517,907,000 after buying an additional 536,080 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of DoorDash by 372.0% during the third 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 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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.