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DOW   31,496.30
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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DoorDash, Inc. (NYSE:DASH) Receives Consensus Rating of "Hold" from Analysts

Last updated on Tuesday, February 23, 2021 | 2021 MarketBeat

Shares of DoorDash, Inc. (NYSE:DASH) have been assigned an average rating of "Hold" from the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $168.67.

Several equities analysts recently weighed in on DASH shares. DA Davidson lowered shares of DoorDash from a "buy" rating to a "neutral" rating and raised their price objective for the company from $93.00 to $150.00 in a research report on Monday, December 14th. The Goldman Sachs Group started coverage on shares of DoorDash in a research report on Monday, January 4th. They issued a "neutral" rating and a $135.00 price target on the stock. Royal Bank of Canada started coverage on shares of DoorDash in a research report on Monday, January 4th. They issued a "sector perform" rating and a $135.00 price target on the stock. Barclays assumed coverage on shares of DoorDash in a research report on Monday, January 4th. They issued an "equal weight" rating and a $145.00 price target on the stock. Finally, Needham & Company LLC started coverage on shares of DoorDash in a research note on Monday, January 4th. They issued a "buy" rating and a $200.00 price objective on the stock.

Shares of DASH opened at $178.07 on Tuesday. The company's 50 day simple moving average is $186.94. DoorDash has a twelve month low of $135.38 and a twelve month high of $256.09.

Hedge funds and other institutional investors have recently made changes to their positions in the company. CenterStar Asset Management LLC bought a new position in shares of DoorDash during the fourth quarter worth $50,000. Citigroup Inc. bought a new position in shares of DoorDash during the fourth quarter worth $64,000. Daiwa Securities Group Inc. bought a new position in shares of DoorDash during the fourth quarter worth $95,000. GSA Capital Partners LLP bought a new position in shares of DoorDash during the fourth quarter worth $228,000. Finally, ProShare Advisors LLC bought a new position in shares of DoorDash during the fourth quarter worth $235,000.

About DoorDash

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service.

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Analyst Recommendations for DoorDash (NYSE:DASH)

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