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Cantor Fitzgerald Expects Increased Earnings for DoorDash

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Key Points

  • Cantor Fitzgerald has raised its FY2025 earnings per share estimate for DoorDash from $1.71 to $1.97, maintaining an "Overweight" rating with a price target of $260.00.
  • Other analysts, including Morgan Stanley and Sanford C. Bernstein, have also increased their target prices for DoorDash, highlighting positive sentiment around the stock.
  • DoorDash reported a quarterly EPS of $0.65, exceeding estimates, and showed a revenue increase of 24.9% compared to the same quarter last year, further illustrating the company's growth momentum.
  • Want stock alerts on DoorDash? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

DoorDash, Inc. (NASDAQ:DASH - Free Report) - Investment analysts at Cantor Fitzgerald increased their FY2025 earnings per share (EPS) estimates for shares of DoorDash in a research report issued to clients and investors on Thursday, August 7th. Cantor Fitzgerald analyst D. Mathivanan now expects that the company will earn $1.97 per share for the year, up from their prior estimate of $1.71. Cantor Fitzgerald currently has a "Overweight" rating and a $260.00 price objective on the stock. The consensus estimate for DoorDash's current full-year earnings is $2.22 per share. Cantor Fitzgerald also issued estimates for DoorDash's FY2026 earnings at $2.80 EPS.

Several other equities analysts have also issued reports on the stock. Morgan Stanley lifted their target price on shares of DoorDash from $275.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday. Sanford C. Bernstein boosted their target price on DoorDash from $210.00 to $265.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Truist Financial increased their target price on DoorDash from $272.00 to $326.00 and gave the stock a "buy" rating in a research note on Thursday. BTIG Research lifted their price target on DoorDash from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Finally, Royal Bank Of Canada lifted their target price on DoorDash from $230.00 to $300.00 and gave the stock an "outperform" rating in a report on Thursday. Eleven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $259.18.

Read Our Latest Research Report on DASH

DoorDash Price Performance

Shares of DoorDash stock opened at $259.82 on Friday. DoorDash has a 1 year low of $121.44 and a 1 year high of $278.15. The company has a 50-day moving average of $235.05 and a 200 day moving average of $205.89. The firm has a market cap of $110.10 billion, a price-to-earnings ratio of 144.96 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.23. DoorDash had a return on equity of 9.86% and a net margin of 6.57%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the company earned ($0.38) earnings per share. The firm's quarterly revenue was up 24.9% compared to the same quarter last year.

Insider Activity

In other news, Director Shona L. Brown sold 825 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $250.00, for a total transaction of $206,250.00. Following the completion of the transaction, the director directly owned 43,477 shares of the company's stock, valued at $10,869,250. This represents a 1.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $244.78, for a total value of $348,811.50. Following the completion of the sale, the chief financial officer owned 244,905 shares of the company's stock, valued at $59,947,845.90. This trade represents a 0.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 583,537 shares of company stock valued at $133,720,004 over the last 90 days. Company insiders own 5.83% of the company's stock.

Institutional Trading of DoorDash

Hedge funds and other institutional investors have recently modified their holdings of the business. Gilbert & Cook Inc. raised its stake in shares of DoorDash by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company's stock valued at $415,000 after acquiring an additional 42 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of DoorDash by 1.3% in the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company's stock valued at $912,000 after buying an additional 46 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of DoorDash by 3.7% during the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after buying an additional 51 shares during the period. Yeomans Consulting Group Inc. increased its position in shares of DoorDash by 3.9% during the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company's stock worth $326,000 after acquiring an additional 51 shares during the last quarter. Finally, Palo Alto Wealth Advisors LLC raised its position in shares of DoorDash by 0.4% during the 1st quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company's stock worth $2,385,000 after purchasing an additional 54 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

About DoorDash

(Get Free Report)

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.

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Earnings History and Estimates for DoorDash (NASDAQ:DASH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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