Cantor Fitzgerald Lifts Earnings Estimates for DoorDash

Key Points

• Cantor Fitzgerald raised its FY2025 earnings estimate for DoorDash to $2.06 per share, up from $1.97, with a target price of $330.00.
• DoorDash reported Q2 earnings of $0.65 per share, exceeding estimates and showing a 24.9% year-over-year revenue growth.
• Several analysts have revised their target prices for DoorDash, with estimates ranging from $260.00 to $360.00, reflecting a generally positive outlook on the stock.

DoorDash, Inc. (NASDAQ:DASH - Free Report) - Equities researchers at Cantor Fitzgerald raised their FY2025 earnings estimates for DoorDash in a report issued on Wednesday, September 17th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the company will earn $2.06 per share for the year, up from their previous estimate of $1.97. Cantor Fitzgerald currently has a "Overweight" rating and a $330.00 target price 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 $2.82 EPS.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.23. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.DoorDash's quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.38) earnings per share.

Several other research analysts have also issued reports on DASH. Loop Capital reaffirmed a "buy" rating on shares of DoorDash in a research report on Tuesday, July 15th. Evercore ISI reaffirmed an "outperform" rating and set a $360.00 target price (up from $240.00) on shares of DoorDash in a research report on Friday, August 8th. DA Davidson raised their target price on DoorDash from $190.00 to $260.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. JMP Securities raised their target price on DoorDash from $250.00 to $335.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 7th. Finally, Jefferies Financial Group raised their target price on DoorDash from $250.00 to $265.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $268.76.

DoorDash Stock Down 1.5%

Shares of NASDAQ:DASH opened at $259.25 on Thursday. The firm has a market cap of $110.75 billion, a P/E ratio of 144.03 and a beta of 1.70. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash has a 12-month low of $130.32 and a 12-month high of $278.15. The business has a fifty day simple moving average of $249.13 and a 200 day simple moving average of $217.23.

Insider Buying and Selling

In other DoorDash news, COO Prabir Adarkar sold 41,881 shares of DoorDash stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the completion of the transaction, the chief operating officer owned 914,547 shares in the company, valued at approximately $224,813,943.54. The trade was a 4.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $275.74, for a total value of $13,787,000.00. Following the transaction, the director owned 22,545 shares of the company's stock, valued at $6,216,558.30. This trade represents a 68.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,026,048 shares of company stock worth $251,592,950 over the last 90 days. Company insiders own 5.83% of the company's stock.

Hedge Funds Weigh In On DoorDash

Several hedge funds have recently modified their holdings of DASH. Vanguard Group Inc. lifted its position in shares of DoorDash by 25.8% during the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock worth $7,200,642,000 after buying an additional 8,073,882 shares in the last quarter. Norges Bank bought a new stake in shares of DoorDash in the 2nd quarter worth approximately $1,185,576,000. AQR Capital Management LLC raised its holdings in shares of DoorDash by 442.5% in the 1st quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company's stock worth $321,799,000 after purchasing an additional 1,497,636 shares during the period. Invesco Ltd. raised its holdings in shares of DoorDash by 41.9% in the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company's stock worth $877,269,000 after purchasing an additional 1,416,194 shares during the period. Finally, Nuveen LLC bought a new stake in shares of DoorDash in the 1st quarter worth approximately $211,415,000. Institutional investors own 90.64% of the company's stock.

About DoorDash

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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