DoorDash (NASDAQ:DASH) Price Target Lowered to $250.00 at Citigroup

Key Points

• Citigroup lowered its price target on DoorDash from $280 to $250, while keeping a buy rating on the stock. The new target still implies meaningful upside from the prior close.
• DoorDash reported Q1 EPS of $0.42, beating estimates, but revenue of $4.04 billion came in slightly below expectations. Revenue still rose 33.1% year over year.
• Despite mixed results and recent stock weakness, analysts remain broadly constructive: the stock has a Moderate Buy consensus with an average target price of about $257.

DoorDash (NASDAQ:DASH - Get Free Report) had its price target lowered by investment analysts at Citigroup from $280.00 to $250.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Citigroup's price target indicates a potential upside of 52.50% from the stock's previous close.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group set a $280.00 target price on DoorDash in a research report on Thursday. Oppenheimer decreased their price objective on DoorDash from $280.00 to $235.00 and set an "outperform" rating for the company in a report on Thursday, February 19th. Morgan Stanley reissued an "overweight" rating and issued a $275.00 price objective on shares of DoorDash in a report on Thursday, February 19th. Bank of America lifted their price objective on DoorDash from $260.00 to $272.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. Finally, Barclays decreased their price objective on DoorDash from $238.00 to $220.00 and set an "equal weight" rating for the company in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $257.00.

DoorDash Stock Performance

Shares of DoorDash stock traded down $7.42 during trading hours on Friday, hitting $163.93. 6,021,826 shares of the company's stock traded hands, compared to its average volume of 4,910,989. DoorDash has a 12-month low of $143.30 and a 12-month high of $285.50. The stock has a market capitalization of $71.22 billion, a price-to-earnings ratio of 78.06 and a beta of 1.87. The company has a fifty day simple moving average of $167.01 and a 200-day simple moving average of $197.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.76% and a net margin of 6.29%.The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the firm posted $0.44 EPS. The business's revenue was up 33.1% compared to the same quarter last year. Equities research analysts anticipate that DoorDash will post 2.42 EPS for the current fiscal year.

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 21,433 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total value of $3,214,950.00. Following the sale, the director directly owned 19,279 shares of the company's stock, valued at approximately $2,891,850. This represents a 52.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 10,000 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $188.34, for a total transaction of $1,883,400.00. Following the completion of the sale, the chief operating officer directly owned 843,678 shares in the company, valued at approximately $158,898,314.52. The trade was a 1.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 43,933 shares of company stock valued at $7,135,413. 5.83% of the stock is currently owned by corporate insiders.

Institutional Trading of DoorDash

Large investors have recently modified their holdings of the business. Physician Wealth Advisors Inc. boosted its position in shares of DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock valued at $26,000 after acquiring an additional 71 shares during the last quarter. Eastern Bank boosted its position in shares of DoorDash by 714.3% during the 4th quarter. Eastern Bank now owns 114 shares of the company's stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of DoorDash during the 4th quarter valued at about $26,000. Swiss RE Ltd. bought a new stake in shares of DoorDash during the 4th quarter valued at about $28,000. Finally, ST Germain D J Co. Inc. bought a new stake in shares of DoorDash during the 4th quarter valued at about $29,000. Institutional investors own 90.64% of the company's stock.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash beat Q1 profit estimates, with adjusted EPS of $0.42 versus consensus around $0.36-$0.37, signaling better-than-expected execution on the bottom line. DoorDash Releases First Quarter 2026 Financial Results
• Positive Sentiment: The company guided second-quarter marketplace gross order value above Wall Street estimates, helped by resilient demand and expansion in grocery, retail, and international markets. DoorDash forecasts quarterly order value above estimates
• Positive Sentiment: Management highlighted record membership growth and a new high in monthly active users, reinforcing the view that the platform is still gaining scale. DoorDash Releases First Quarter 2026 Financial Results
• Positive Sentiment: Several analysts remained constructive after the report, with firms including Needham, BTIG, UBS, Wells Fargo, and Susquehanna maintaining positive-to-neutral stances and still pointing to meaningful upside from current levels.
• Neutral Sentiment: Revenue came in slightly below expectations at $4.04 billion versus about $4.15 billion, showing that strong demand did not fully offset higher costs and heavier investment spending. DoorDash reports mixed first-quarter results
• Neutral Sentiment: DoorDash said it expects about $50 million in gas-relief costs for drivers, but management said it will offset part of that burden by delaying other investments, limiting the near-term earnings impact. DoorDash is budgeting $100 million for driver gas benefits so far this year — and counting
• Negative Sentiment: Profit still declined year over year as higher delivery-related costs, sales and marketing, and R&D spending pressured margins, raising questions about how quickly growth can translate into stronger profitability. DoorDash Profit Ticks Down Despite Higher Revenue
• Negative Sentiment: Some commentary and valuation-focused pieces warned that the stock may be vulnerable if growth slows or investors become more concerned about profitability and cost discipline. Why the smart money fears a collapse in DoorDash stock (and why it could be wrong)

DoorDash Company Profile

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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