DoorDash (NASDAQ:DASH) Given New $340.00 Price Target at Truist Financial

Key Points

• Truist Financial raised DoorDash’s price target to $340 from $336 and maintained a “buy” rating, implying substantial upside from the stock’s previous close. The broader analyst consensus is “Moderate Buy,” with an average target of $252.02.
• DoorDash reported strong third-quarter results, with adjusted EPS of $1.06 versus the $0.81 consensus and revenue of $4.62 billion, up 34% year over year and ahead of expectations.
• DoorDash’s planned $17 billion acquisition of Instacart could expand its grocery-delivery operations and generate efficiencies, but faces significant antitrust scrutiny and may not close until late 2027 or early 2028.

DoorDash (NASDAQ:DASH - Get Free Report) had its target price raised by analysts at Truist Financial from $336.00 to $340.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's target price indicates a potential upside of 88.84% from the company's previous close.

A number of other research analysts have also commented on DASH. Deutsche Bank Aktiengesellschaft increased their price objective on DoorDash from $255.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Barclays reduced their target price on DoorDash from $230.00 to $205.00 and set an "equal weight" rating for the company in a report on Friday. UBS Group reaffirmed a "neutral" rating and set a $213.00 target price on shares of DoorDash in a research report on Friday. Citigroup reiterated a "market outperform" rating on shares of DoorDash in a report on Friday. Finally, Zacks Research raised shares of DoorDash from a "strong sell" rating to a "hold" rating in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $252.02.

DoorDash Stock Up 0.6%

Shares of DoorDash stock traded up $1.05 during trading on Friday, hitting $180.05. 2,903,397 shares of the stock traded hands, compared to its average volume of 4,600,870. The stock has a market cap of $78.01 billion, a P/E ratio of 94.53 and a beta of 1.90. The company has a fifty day moving average price of $198.71 and a two-hundred day moving average price of $183.29. DoorDash has a twelve month low of $143.30 and a twelve month high of $260.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results 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 5.29% and a return on equity of 8.48%. The firm had revenue of $4.62 billion during the quarter, compared to analysts' expectations of $4.56 billion. During the same period in the previous year, the company earned $0.55 earnings per share. The company's revenue was up 34.0% compared to the same quarter last year. Equities research analysts predict that DoorDash will post 2.51 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In related news, Director Andy Fang sold 15,000 shares of DoorDash stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $228.31, for a total transaction of $3,424,650.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tony Xu sold 29,567 shares of the firm's stock in a transaction that occurred 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. This represents a 95.17% decrease in their position. 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 393,998 shares of company stock valued at $85,861,330 in the last three months. Company insiders own 44.90% of the company's stock.

Institutional Trading of DoorDash

A number of large investors have recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its stake in shares of DoorDash by 40.2% in 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 purchasing an additional 2,225,954 shares during the period. Temasek Holdings Private Ltd increased its stake 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 last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of DoorDash by 2,304.0% in the 3rd 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 last quarter. Bank of America Corp DE raised its position in shares of DoorDash by 18.4% in the 1st quarter. Bank of America Corp DE now owns 3,449,266 shares of the company's stock valued at $517,907,000 after acquiring an additional 536,080 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of DoorDash by 372.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,137,719 shares of the company's stock valued at $575,928,000 after acquiring an additional 2,472,980 shares during the period. 90.64% of the stock is currently owned by institutional investors.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash reported third-quarter adjusted EPS of $1.06, topping the $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion and exceeded expectations. The company also reported records for marketplace activity, revenue and net income. DoorDash third-quarter financial results
• Positive Sentiment: DoorDash’s planned acquisition of Instacart would expand its grocery-delivery presence, diversify revenue beyond restaurants and potentially create at least $500 million in operational efficiencies. The combination is intended to improve scale and strengthen competition with Amazon and Walmart. DoorDash to acquire Instacart
• Positive Sentiment: Wedbush upgraded DASH to “outperform” with a $230 price target, while Cantor Fitzgerald reaffirmed its “overweight” rating and assigned a $240 target, signaling expected upside from the earnings momentum and Instacart strategy.
• Neutral Sentiment: DoorDash said AI agents have generated only several hundred orders out of roughly 993 million orders. This reduces immediate concern that autonomous shopping agents are disrupting its platform, but it also indicates that AI-driven demand is not yet a meaningful growth catalyst. DoorDash AI agent orders
• Negative Sentiment: Barclays lowered its price target from $230 to $205 and maintained an “equal weight” rating, reflecting more cautious expectations despite the target remaining above the current share price.
• Negative Sentiment: The Instacart transaction faces substantial antitrust scrutiny because it combines major restaurant and grocery-delivery platforms. The deal is not expected to close until late 2027 or early 2028, and its cash-and-stock structure could require debt financing. Critics warn consolidation could increase consumer prices and pressure delivery-worker conditions. DoorDash Instacart regulatory risks

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.

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