DoorDash, Inc. (NASDAQ:DASH) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts remain broadly bullish on DoorDash: Thirty-six analysts assign the stock a consensus “Moderate Buy” rating, with 26 buys and one strong buy. The average 12-month price target is $257.47.
• DoorDash reported strong revenue growth but a slight EPS miss: Quarterly revenue rose 35.6% year over year to $4.45 billion, exceeding estimates, while EPS came in at $0.46 versus the $0.47 consensus.
• The company is expanding beyond food delivery: Drone delivery, AI-powered ordering and retail logistics initiatives could broaden DoorDash’s market opportunity, while recent insider sales were conducted under pre-arranged Rule 10b5-1 plans.

Shares of DoorDash, Inc. (NASDAQ:DASH - Get Free Report) have been given an average rating of "Moderate Buy" by the thirty-six analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $257.47.

Several equities analysts have weighed in on the company. Susquehanna increased their target price on DoorDash from $225.00 to $250.00 and gave the company a "positive" rating in a research note on Friday, August 7th. Raymond James Financial reissued a "buy" rating on shares of DoorDash in a research note on Thursday, September 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 target price on shares of DoorDash in a research note on Thursday, August 6th. Truist Financial increased their target price on shares of DoorDash from $330.00 to $336.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Scotiabank assumed coverage on shares of DoorDash in a research report on Wednesday, September 9th. They set a "sector outperform" rating and a $275.00 price target on the stock.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Drone delivery is moving toward commercial testing. DoorDash Air is expected to begin operations in Northern California, using a purpose-built drone for restaurant deliveries. The technology could eventually reduce delivery times and labor costs if it scales successfully. Yahoo Finance article about DoorDash Air
• Positive Sentiment: AI tools may increase ordering frequency. DoorDash is testing a text-based AI agent that lets users place orders through messaging, including requests such as “order my usual,” without opening the app. Lowering friction could improve engagement and retention. The Verge article about DoorDash text ordering
• Positive Sentiment: Retail logistics expansion broadens DoorDash’s addressable market. The company is deepening its Macy’s relationship and plans to pick up customer returns, adding potential revenue opportunities beyond food delivery and making greater use of its logistics network. MSN article about DoorDash and Macy’s
• Neutral Sentiment: Commentary disputes the AI-displacement thesis. Jim Cramer described concerns that AI could disrupt DoorDash as a market overreaction, arguing that AI may enhance rather than replace the company’s delivery platform. This supports sentiment but does not change fundamentals. Insider Monkey article about Jim Cramer’s DoorDash comments
• Negative Sentiment: The COO sold shares, though under a preset trading plan. Prabir Adarkar sold 8,738 shares valued at approximately $1.58 million. Because the transaction was conducted under Rule 10b5-1, it is not necessarily a bearish signal, but repeated insider sales can weigh on investor sentiment. InsiderTrades article about DoorDash insider selling

DoorDash Stock Performance

Shares of DoorDash stock opened at $189.15 on Monday. The firm has a fifty day moving average of $206.60 and a two-hundred day moving average of $181.70. The stock has a market capitalization of $81.96 billion, a price-to-earnings ratio of 99.03 and a beta of 1.90. DoorDash has a 52 week low of $143.30 and a 52 week high of $285.50. 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 quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The firm's revenue for the quarter was up 35.6% on a year-over-year basis. As a group, equities research analysts predict that DoorDash will post 2.51 EPS for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 8,738 shares of DoorDash stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $180.85, for a total transaction of $1,580,267.30. Following the transaction, the chief operating officer directly owned 921,473 shares in the company, valued at approximately $166,648,392.05. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 16,044 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $228.55, for a total value of $3,666,856.20. Following the completion of the transaction, the chief financial officer directly owned 217,911 shares of the company's stock, valued at approximately $49,803,559.05. The trade was a 6.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 381,768 shares of company stock worth $83,628,549 in the last three months. 44.90% of the stock is owned by insiders.

Institutional Trading of DoorDash

A number of large investors have recently bought and sold shares of the business. Janus Henderson Group PLC boosted its stake in DoorDash by 40.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company's stock worth $1,159,377,000 after purchasing an additional 2,225,954 shares during the period. Temasek Holdings Private Ltd raised 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 purchasing an additional 1,145,078 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of DoorDash by 137.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,528,218 shares of the company's stock valued at $229,462,000 after purchasing an additional 885,122 shares during the period. Nykredit A S bought a new stake in shares of DoorDash in the second quarter valued at about $121,724,000. Finally, Amundi lifted its holdings in shares of DoorDash by 31.1% in the first quarter. Amundi now owns 2,315,722 shares of the company's stock valued at $347,706,000 after purchasing an additional 549,387 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Company Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.

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