BTIG Research Cuts DoorDash (NASDAQ:DASH) Price Target to $280.00

Key Points

• BTIG Research cut its DoorDash price target from $315 to $280 while maintaining a "buy" rating, implying roughly an 81% upside from the recent close.
• Multiple brokers have trimmed targets (recent range roughly $224–$285), leaving a MarketBeat consensus target of $262.06 and an average rating of Moderate Buy (1 Strong Buy, 25 Buy, 9 Hold).
• Fundamentals show a near‑term drag: DoorDash missed estimates with $0.48 EPS vs. $0.58 expected and $3.96B revenue vs. $3.98B, despite 37.7% YoY revenue growth; the stock trades below key moving averages and carries a high P/E (~72.9).

DoorDash (NASDAQ:DASH - Get Free Report) had its price target cut by investment analysts at BTIG Research from $315.00 to $280.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. BTIG Research's target price points to a potential upside of 81.17% from the company's previous close.

A number of other brokerages have also recently weighed in on DASH. DA Davidson reduced their price target on shares of DoorDash from $260.00 to $224.00 and set a "neutral" rating for the company in a research report on Thursday, February 19th. Citizens Jmp cut their target price on DoorDash from $285.00 to $250.00 and set a "market outperform" rating on the stock in a research report on Friday, February 20th. Stifel Nicolaus decreased their target price on DoorDash from $253.00 to $224.00 and set a "hold" rating for the company in a research report on Tuesday, January 27th. Piper Sandler restated a "neutral" rating and set a $220.00 price target (down from $230.00) on shares of DoorDash in a research note on Thursday, February 19th. Finally, Cantor Fitzgerald cut their price target on DoorDash from $285.00 to $230.00 and set an "overweight" rating on the stock in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $262.06.

DoorDash Stock Performance

Shares of DoorDash stock opened at $154.55 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. DoorDash has a 52 week low of $143.30 and a 52 week high of $285.50. The firm's 50 day moving average is $169.13 and its two-hundred day moving average is $210.08. The firm has a market capitalization of $67.14 billion, a P/E ratio of 72.90 and a beta of 1.93.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company had revenue of $3.96 billion for the quarter, compared to analysts' expectations of $3.98 billion. During the same quarter in the prior year, the firm posted $0.33 EPS. The firm's quarterly revenue was up 37.7% compared to the same quarter last year. Research analysts forecast that DoorDash will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 1,017 shares of the company's stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total transaction of $218,797.38. Following the completion of the sale, the chief financial officer directly owned 208,412 shares of the company's stock, valued at $44,837,757.68. This represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $209.01, for a total value of $9,491,144.10. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 95,423 shares of company stock worth $18,043,871. Insiders own 5.83% of the company's stock.

Institutional Trading of DoorDash

Several hedge funds have recently made changes to their positions in DASH. Physician Wealth Advisors Inc. increased its stake in shares of DoorDash by 284.0% during the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock worth $26,000 after acquiring an additional 71 shares during the period. MV Capital Management Inc. acquired a new stake in DoorDash in the fourth quarter valued at about $26,000. Eastern Bank boosted its holdings in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company's stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Finally, Swiss RE Ltd. acquired a new position in DoorDash during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 90.64% of the company's stock.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Expansion of drone delivery with Alphabet’s Wing into metro Atlanta — a scaled rollout (fifth market) that can shorten delivery times, lower marginal last‑mile costs and strengthen DoorDash’s service differentiation. This is a tangible operational growth catalyst though benefits will accrue over time. Alphabet's Wing Drone Unit, DoorDash Expand Into Atlanta. Google Stock Turns Green In 2026.
• Positive Sentiment: New retail partnerships, e.g., Foot Locker on-demand delivery, broaden DoorDash’s addressable market beyond restaurants and increase unit volume/revenue diversification. This can raise take rates and incremental revenue. Foot Locker partners with DoorDash for on-demand delivery
• Positive Sentiment: Grocery initiatives: acceptance of SNAP/EBT for Price Chopper/Market 32 deliveries and reports of moderating grocery inflation by location could expand order frequency among price‑sensitive customers and support grocery segment growth. Price Chopper/Market 32 customers can use SNAP/EBT benefits for DoorDash delivery
• Neutral Sentiment: Sustainability pilot: DoorDash is testing reusable containers with restaurant partners — a positive PR and potential waste/cost reduction play, but currently small scale and unlikely to move near‑term results materially. DoorDash partners with restaurants in experiment to deliver food in reusable containers
• Neutral Sentiment: Local PR and consumer features (rankings of affordable restaurants, app features for restaurants going away, human‑interest driver stories) support brand/engagement but have limited direct near‑term financial impact. DoorDash ranks Henderson restaurants as among country's most affordable
• Negative Sentiment: Background financial pressure: DoorDash’s most recent quarterly results showed an EPS miss and a slight revenue shortfall, and the stock trades below key moving averages with a high P/E—factors that keep investor attention on near‑term profitability and can weigh on the share price despite operational positives. DASH stock MarketBeat

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.

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