DoorDash (NASDAQ:DASH) Stock Price Target Lowered at Barclays

Key Points

• Barclays lowered DoorDash’s price target to $205 from $230 while maintaining an “equal weight” rating, implying approximately 11.83% upside from the prior close.
• DoorDash reported stronger-than-expected quarterly results, with EPS of $1.06 versus the $0.81 consensus estimate and revenue of $4.62 billion, up 34% year over year.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and target price of $251.93, although the planned Instacart acquisition faces antitrust, financing and execution risks.

DoorDash (NASDAQ:DASH - Get Free Report) had its target price cut by stock analysts at Barclays from $230.00 to $205.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price target points to a potential upside of 11.83% from the stock's previous close.

DASH has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price objective on shares of DoorDash from $250.00 to $262.00 in a research note on Wednesday, August 5th. Citigroup reissued a "market outperform" rating on shares of DoorDash in a research note on Friday. Wells Fargo & Company increased their price target on DoorDash from $225.00 to $230.00 and gave the company a "cautious" rating in a research note on Monday, October 5th. Benchmark raised their price target on DoorDash from $270.00 to $295.00 in a research report on Thursday, August 6th. Finally, UBS Group reaffirmed a "neutral" rating and set a $213.00 price objective on shares of DoorDash in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, DoorDash presently has an average rating of "Moderate Buy" and a consensus target price of $251.93.

DoorDash Trading Up 2.4%

DoorDash stock traded up $4.31 during mid-day trading on Friday, hitting $183.31. The stock had a trading volume of 1,409,171 shares, compared to its average volume of 4,593,376. The stock has a 50-day simple moving average of $198.71 and a two-hundred day simple moving average of $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. The stock has a market capitalization of $79.43 billion, a PE ratio of 95.59 and a beta of 1.90. DoorDash has a 12 month low of $143.30 and a 12 month high of $260.74.

DoorDash (NASDAQ:DASH - Get Free Report) last released 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 company had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same period in the prior year, the company posted $0.55 EPS. The company's revenue was up 34.0% compared to the same quarter last year. As a group, sell-side analysts forecast that DoorDash will post 2.51 EPS for the current year.

Insider Transactions at DoorDash

In other news, COO Prabir Adarkar sold 55,289 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total transaction of $12,813,778.64. Following the sale, the chief operating officer owned 930,211 shares of the company's stock, valued at $215,585,701.36. This trade represents a 5.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 72,367 shares of DoorDash stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $225.16, for a total value of $16,294,153.72. Following the transaction, the director owned 10,361 shares in the company, valued at $2,332,882.76. This trade represents a 87.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last quarter, insiders sold 393,998 shares of company stock valued at $85,861,330. Insiders own 44.90% of the company's stock.

Institutional Trading of DoorDash

Hedge funds have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. boosted its holdings in DoorDash by 2,304.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,452,110 shares of the company's stock worth $633,635,000 after purchasing an additional 3,308,512 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings 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 in the last quarter. Janus Henderson Group PLC grew its holdings 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 acquiring an additional 2,225,954 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of DoorDash by 15,993.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,216,478 shares of the company's stock valued at $223,285,000 after acquiring an additional 1,208,919 shares in the last quarter. Finally, Temasek Holdings Private Ltd increased its position in shares of DoorDash by 49.4% in the first 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. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Quarterly results exceeded expectations: DoorDash reported third-quarter adjusted earnings of $1.06 per share, above the roughly $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion. The company also cited records for marketplace gross order volume, revenue and net income. DoorDash third-quarter earnings report
• Positive Sentiment: Instacart acquisition expands DoorDash’s addressable market: The proposed cash-and-stock transaction would combine DoorDash’s restaurant-delivery leadership with Instacart’s grocery platform. Management expects more than $500 million in operational efficiencies from cross-selling and a denser delivery network, while gaining scale to compete with Amazon and Walmart. DoorDash to acquire Instacart
• Positive Sentiment: Analyst support remains favorable: Cantor Fitzgerald reaffirmed its “overweight” rating and set a $240 price target. The broader consensus target is approximately $254.95, suggesting analysts see substantial upside if DoorDash executes on its standalone growth and acquisition strategy. Cantor Fitzgerald DoorDash rating
• Neutral Sentiment: The Instacart deal is not expected to close until late 2027 or the first half of 2028. Both companies are expected to continue operating under their existing brands during the review and integration period. DoorDash and Instacart transaction timeline
• Negative Sentiment: Regulatory scrutiny and deal financing are key risks: The combination could face an extensive antitrust review because DoorDash already holds a leading position in restaurant delivery and Instacart is a major grocery-delivery provider. DoorDash also plans to use debt for much of the cash consideration, increasing execution and balance-sheet risk. Antitrust concerns over the DoorDash Instacart merger

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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