DoorDash (NASDAQ:DASH) Price Target Raised to $260.00 at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald raised DoorDash’s price target from $230 to $260 while maintaining an “overweight” rating, implying approximately 25.4% potential upside. Analysts overall assign the stock a “Moderate Buy” consensus rating with an average target of $254.25.
• DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year and above estimates, but earnings per share of $0.46 narrowly missed expectations and declined from $0.65 a year earlier.
• The company’s growth outlook is supported by strong third-quarter guidance and FAA approval for commercial drone deliveries, though higher operating costs, insider share sales and unresolved challenges scaling its autonomous delivery robot remain risks.

DoorDash (NASDAQ:DASH - Get Free Report) had its price target raised by stock analysts at Cantor Fitzgerald from $230.00 to $260.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Cantor Fitzgerald's price target points to a potential upside of 25.44% from the company's current price.

Several other equities research analysts have also recently issued reports on DASH. Bank of America reissued a "buy" rating on shares of DoorDash in a research report on Thursday. BTIG Research reaffirmed a "buy" rating and set a $225.00 price target on shares of DoorDash in a research note on Thursday. Rothschild & Co Redburn set a $350.00 price target on shares of DoorDash in a report on Tuesday, May 12th. Needham & Company LLC reissued a "buy" rating and set a $265.00 price objective on shares of DoorDash in a research note on Thursday. Finally, Weiss Ratings upgraded DoorDash from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $254.25.

DoorDash Stock Performance

DoorDash stock opened at $207.27 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a fifty day moving average of $178.38 and a two-hundred day moving average of $174.43. The company has a market capitalization of $90.31 billion, a price-to-earnings ratio of 98.70 and a beta of 1.78. DoorDash has a fifty-two week low of $143.30 and a fifty-two week high of $285.50.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.34 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The company's revenue for the quarter was up 35.6% compared to the same quarter last year. On average, analysts anticipate that DoorDash will post 2.38 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In related news, CFO Ravi Inukonda sold 19,095 shares of the firm's stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $188.04, for a total value of $3,590,623.80. Following the sale, the chief financial officer owned 252,443 shares of the company's stock, valued at approximately $47,469,381.72. This trade represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 582 shares of the business's stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $177.06, for a total value of $103,048.92. Following the transaction, the director owned 31,156 shares of the company's stock, valued at $5,516,481.36. This represents a 1.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 142,620 shares of company stock worth $26,822,778. Corporate insiders own 5.28% of the company's stock.

Institutional Trading of DoorDash

Several hedge funds have recently bought and sold shares of DASH. Intech Investment Management LLC raised its holdings in shares of DoorDash by 707.8% during the 4th quarter. Intech Investment Management LLC now owns 253,348 shares of the company's stock valued at $57,378,000 after purchasing an additional 221,985 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of DoorDash by 9.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 156,960 shares of the company's stock worth $35,548,000 after acquiring an additional 13,121 shares in the last quarter. Allstate Corp raised its stake in shares of DoorDash by 116.7% in the 4th quarter. Allstate Corp now owns 29,227 shares of the company's stock valued at $6,619,000 after acquiring an additional 15,741 shares in the last quarter. Brighton Jones LLC raised its stake in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after acquiring an additional 1,807 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in DoorDash by 8.0% in the 4th quarter. Westfield Capital Management Co. LP now owns 425,080 shares of the company's stock worth $96,272,000 after purchasing an additional 31,452 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash reported second-quarter revenue of $4.45 billion, up 35.6% year over year and above the $4.34 billion analyst consensus. Growth in food, grocery, convenience, marketplaces, memberships and monthly active users supported the company’s expansion narrative. DoorDash Releases Second Quarter 2026 Financial Results
• Positive Sentiment: Management issued stronger-than-expected third-quarter guidance, indicating that demand remains resilient across restaurant, grocery and convenience deliveries. The outlook is helping offset concerns about near-term profitability. DoorDash Issues Strong Guidance
• Positive Sentiment: DoorDash received FAA approval for commercial drone deliveries, potentially creating a lower-cost fulfillment option and improving delivery economics over time. The opportunity is strategic, although broad deployment will require additional investment and execution. DoorDash Gets FAA Green Light for Commercial Drone Deliveries
• Neutral Sentiment: DoorDash said artificial intelligence is already producing gains, but traffic from autonomous or “agentic” AI systems remains limited. AI could support efficiency and discovery, though the immediate financial contribution appears modest. DoorDash Says Agentic Traffic Is Low, but AI Gains Are Not
• Negative Sentiment: Adjusted earnings of $0.46 per share slightly missed estimates and declined from $0.65 a year earlier. Higher costs tied to order growth, sales and marketing, research and development and overhead pressured profit and margins. DoorDash Q2 Earnings Miss Estimates
• Negative Sentiment: Director Stanley Tang sold 67,693 shares worth approximately $13.6 million, reducing his position by 62.7%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which reduces—but does not eliminate—the negative signal from insider selling. Stanley Tang Sells DoorDash Shares
• Negative Sentiment: DoorDash acknowledged unresolved operating challenges with its Dot autonomous delivery robot, including charging, loading and handling difficult pickups and drop-offs. These issues could delay meaningful automation benefits. DoorDash Faces Challenges Scaling Dot

About DoorDash

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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