DoorDash (NASDAQ:DASH) Rating Increased to Strong-Buy at TD Cowen

Key Points

• TD Cowen upgraded DoorDash to a Strong-Buy, joining mixed analyst sentiment (2 Strong Buy, 25 Buy, 8 Hold, 1 Sell) and leaving a MarketBeat consensus of “Moderate Buy” with an average price target of $260.29.
• DoorDash reported quarterly EPS of $0.48 versus $0.58 expected and revenue of $3.96B (vs. $3.98B est.), with revenue up 37.7% year‑over‑year; the stock trades at a high P/E of 82.11, market cap ~$75.6B, and is well below its 52‑week high ($285.50) after opening at $174.07.
• Strategic catalyst: a meaningful grocery expansion in Canada (including Sobeys/Safeway) should deepen TAM and cross‑sell opportunities; near‑term risks include significant insider selling, merchant pushback over fees and isolated driver safety incidents that could affect costs and PR.

DoorDash (NASDAQ:DASH - Get Free Report) was upgraded by TD Cowen to a "strong-buy" rating in a research report issued on Monday, MarketBeat reports.

DASH has been the subject of several other reports. Truist Financial raised their price objective on shares of DoorDash from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. BNP Paribas Exane began coverage on shares of DoorDash in a report on Wednesday, January 14th. They issued an "outperform" rating and a $280.00 target price on the stock. Guggenheim cut their price target on shares of DoorDash from $275.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, February 19th. BTIG Research reduced their price target on shares of DoorDash from $315.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, April 10th. Finally, Roth Mkm reiterated a "neutral" rating and issued a $200.00 price objective on shares of DoorDash in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and an average price target of $260.29.

DoorDash Stock Performance

NASDAQ DASH opened at $174.07 on Monday. The stock's fifty day moving average is $167.04 and its two-hundred day moving average is $201.21. The firm has a market capitalization of $75.62 billion, a P/E ratio of 82.11 and a beta of 1.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. 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 issued its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the business earned $0.33 earnings per share. The firm's revenue was up 37.7% compared to the same quarter last year. On average, research analysts anticipate that DoorDash will post 2.51 earnings per share for the current year.

Insider Activity

In other DoorDash news, COO Prabir Adarkar sold 10,000 shares of the business's stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $188.34, for a total value of $1,883,400.00. Following the sale, the chief operating officer owned 843,678 shares of the company's stock, valued at $158,898,314.52. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 1,250 shares of the company's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the transaction, the director owned 31,002 shares in the company, valued at $5,475,263.22. This trade represents a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 89,406 shares of company stock valued at $16,639,624. Company insiders own 5.83% of the company's stock.

Institutional Investors Weigh In On DoorDash

Institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of DoorDash by 5.0% in the third quarter. American Century Companies Inc. now owns 485,088 shares of the company's stock valued at $131,941,000 after acquiring an additional 22,944 shares in the last quarter. Caprock Group LLC acquired a new position in DoorDash during the 3rd quarter worth $3,169,000. Vaughan Nelson Investment Management L.P. purchased a new stake in DoorDash during the 4th quarter worth about $41,712,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in DoorDash by 7.1% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company's stock valued at $219,276,000 after purchasing an additional 53,722 shares in the last quarter. Finally, Jefferies Financial Group Inc. raised its position in DoorDash by 136.6% in the 3rd quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company's stock valued at $11,520,000 after purchasing an additional 24,454 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: TD Cowen initiated coverage with a Buy and $225 price target, calling DoorDash a long-duration compounder — a notable analyst endorsement that supports upside and investor confidence. Article Title
• Positive Sentiment: DoorDash announced a meaningful grocery expansion in Canada via partnerships with Empire Company Limited (Sobeys/Safeway), adding regional grocers and boosting local supermarket selection — this expands TAM in grocery, raises order frequency potential, and diversifies revenue outside of restaurants. Article Title
• Positive Sentiment: Multiple regional grocers (including Sobeys/Safeway and four additional partners) were added to DoorDash’s platform to deepen local grocery selection — supports international growth narrative and cross-sell opportunities for DashPass and ads. Article Title
• Neutral Sentiment: Broad media coverage (CNBC/MSN) highlighted the grocery push and analyst calls — increases visibility and could attract retail interest, but the coverage itself is information flow rather than a direct financial driver. Article Title
• Neutral Sentiment: Marketing promotions (e.g., DoorDash’s Mother’s Day restaurant/flower roundups) help engagement and seasonal order volume but are routine and unlikely to move the stock materially on their own. Article Title
• Negative Sentiment: Safety incident: a DoorDash driver was shot and exchanged fire with an attacker in Nashville (driver wounded, suspect killed) — while rare, such events raise driver safety, insurance and PR risk that can affect retention and costs. Article Title
• Negative Sentiment: Merchant pushback: a reported Omaha restaurant owner dropped DoorDash (and other apps) citing high fees — highlights ongoing tension with restaurants over economics, which could pressure merchant mix or lead to more restaurants exploring in-house delivery. Article Title
• Negative Sentiment: Recent quarter context: DoorDash’s last reported quarterly EPS came in below Street estimates (and revenue was roughly in line), keeping profitability scrutiny high — this continues to cap multiple expansion until margins consistently beat forecasts. (Company filings/earnings release)

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.

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