DoorDash, Inc. (NASDAQ:DASH) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts maintain a Moderate Buy consensus on DoorDash, with 31 buy, two strong-buy, eight hold and two sell ratings. The average 12-month price target is $254.95.
• DoorDash’s latest quarter exceeded expectations, with adjusted EPS of $1.06 versus $0.81 expected and revenue up 34% year over year to $4.62 billion.
• The planned $17 billion Instacart acquisition could expand DoorDash’s grocery and local-commerce reach, but investors face integration, shareholder-dilution and potential antitrust risks.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the forty-three research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, thirty-one have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $254.95.

Several equities research analysts have issued reports on DASH shares. The Goldman Sachs Group lowered their price objective on shares of DoorDash from $280.00 to $275.00 in a research report on Thursday, August 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 target price on shares of DoorDash in a research report on Thursday, August 6th. Zacks Research raised shares of DoorDash from a "strong sell" rating to a "hold" rating in a research note on Monday, August 17th. Rosenblatt Securities initiated coverage on DoorDash in a report on Tuesday, September 1st. They issued a "buy" rating and a $270.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on DoorDash from $225.00 to $230.00 and gave the stock a "cautious" rating in a research note on Monday, October 5th.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Q3 earnings beat expectations. DoorDash reported adjusted earnings of $1.06 per share, versus the $0.81 analyst consensus, while revenue rose 34% year over year to $4.62 billion, topping estimates of $4.56 billion. The company said it set quarterly records for marketplace gross order volume, revenue and net income. DoorDash Q3 earnings report
• Positive Sentiment: Instacart acquisition expands DoorDash’s grocery opportunity. The cash-and-stock deal would combine DoorDash’s restaurant-delivery scale with Instacart’s grocery marketplace, strengthening the company’s position in local commerce and helping it compete with Amazon and Walmart. Both brands are expected to remain in operation, while the transaction could create cross-selling and delivery-network efficiencies. Closing is expected in late 2027 or the first half of 2028. DoorDash to acquire Instacart
• Neutral Sentiment: Instacart brings solid operating momentum. Instacart reported third-quarter gross transaction volume growth of 15%, revenue growth of 17%, and adjusted EBITDA growth of 23%, providing DoorDash with a growing grocery platform but also adding significant integration responsibilities. Instacart third-quarter results
• Negative Sentiment: Investors face execution, dilution and regulatory risks. The $17 billion purchase price is substantial, and the cash-and-stock structure could dilute DoorDash shareholders and pressure returns if anticipated synergies fail to materialize. Critics, including New York City Mayor Zohran Mamdani, warned that reduced competition could lead to higher customer prices and weaker worker conditions, potentially increasing antitrust and political scrutiny. Criticism of the DoorDash Instacart deal

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 23,125 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $186.19, for a total transaction of $4,305,643.75. Following the transaction, the director owned 10,361 shares of the company's stock, valued at approximately $1,929,114.59. This represents a 69.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total value of $918,450.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 393,998 shares of company stock worth $85,861,330 over the last quarter. Insiders own 44.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. City State Bank boosted its holdings in shares of DoorDash by 56.0% in the 3rd quarter. City State Bank now owns 156 shares of the company's stock valued at $29,000 after buying an additional 56 shares in the last quarter. Washington Trust Advisors Inc. boosted its position in DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock valued at $26,000 after buying an additional 64 shares during the last quarter. Premier Path Wealth Partners LLC grew its position in DoorDash by 2.7% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company's stock worth $465,000 after purchasing an additional 67 shares during the period. V Square Quantitative Management LLC grew its holdings in DoorDash by 3.3% during the first quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company's stock worth $349,000 after acquiring an additional 74 shares during the period. Finally, Raleigh Capital Management Inc. raised its position in DoorDash by 3.0% during the third quarter. Raleigh Capital Management Inc. now owns 2,868 shares of the company's stock valued at $526,000 after acquiring an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Stock Up 5.6%

Shares of NASDAQ DASH opened at $179.00 on Friday. DoorDash has a 1 year low of $143.30 and a 1 year high of $265.45. The firm 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 market cap of $77.56 billion, a P/E ratio of 93.72 and a beta of 1.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.25. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The firm 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 business posted $0.55 earnings per share. The company's revenue for the quarter was up 34.0% on a year-over-year basis. Research analysts anticipate that DoorDash will post 2.51 earnings per share for the current year.

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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