DoorDash (DASH) Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DoorDash in the last twelve months. There are currently 1 sell rating, 12 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DASH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DASH, but not buy additional shares or sell existing shares.
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20 Wall Street research analysts have issued 12 month price objectives for DoorDash's shares. Their DASH share price forecasts range from $40.00 to $125.00. On average, they anticipate the company's share price to reach $89.77 in the next year. This suggests a possible upside of 17.8% from the stock's current price.
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DoorDash's stock was trading at $48.82 at the beginning of 2023. Since then, DASH shares have increased by 56.0% and is now trading at $76.18.
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DoorDash saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 13,790,000 shares, an increase of 5.7% from the August 15th total of 13,050,000 shares. Based on an average daily trading volume, of 3,110,000 shares, the days-to-cover ratio is presently 4.4 days. Currently, 5.3% of the company's stock are short sold.
View DoorDash's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our DASH earnings forecast.

DoorDash, Inc. (NYSE:DASH) issued its earnings results on Wednesday, August, 2nd. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.42) by $0.02. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.06 billion. DoorDash had a negative net margin of 16.47% and a negative trailing twelve-month return on equity of 13.14%. The company's quarterly revenue was up 32.6% compared to the same quarter last year. During the same period last year, the company earned ($0.72) EPS.

ETFs with the largest weight of DoorDash (NYSE:DASH) stock in their portfolio include Renaissance IPO ETF (IPO), ProShares On-Demand ETF (OND), AI Powered Equity ETF (AIEQ), Long Cramer ETF (LJIM), Franklin Disruptive Commerce ETF (BUYZ), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), iShares Virtual Work and Life Multisector ETF (IWFH) and Amplify Online Retail ETF (IBUY).

(DASH) raised $2.6 billion in an initial public offering (IPO) on Wednesday, December 9th 2020. The company issued 33,000,000 shares at $75.00-$85.00 per share. Goldman Sachs and J.P. Morgan acted as the underwriters for the IPO and Barclays, Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank, Mizuho, JMP Securities, Needham & Co., Oppenheimer & Co., Piper Sandler and William Blair were co-managers.

DoorDash trades on the New York Stock Exchange (NYSE) under the ticker symbol "DASH."

DoorDash's stock is owned by many different institutional and retail investors. Top institutional shareholders include SC US Ttgp LTD. (8.88%), Capital Research Global Investors (4.70%), BlackRock Inc. (3.76%), Baillie Gifford & Co. (3.15%), SB Investment Advisers UK Ltd. (3.04%) and Sands Capital Management LLC (2.20%). Insiders that own company stock include Alfred Lin, Andy Fang, Christopher D Payne, Christopher D Payne, Fast (Cayman) Ltd Svf, Gordon S Lee, Gordon S Lee, Keith Yandell, Prabir Adarkar, Ravi Inukonda, Shona L Brown, Shona L Brown, Stanley J Meresman, Stanley J Meresman, Stanley Tang, Tia Sherringham, Tony Xu, Us (Ttgp) Ltd Sc and William M Brown.
View institutional ownership trends.

Shares of DASH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DASH stock can currently be purchased for approximately $76.18.

DoorDash (NYSE:DASH) has a market capitalization of $29.96 billion and generates $6.58 billion in revenue each year. The company earns $-1,365,000,000.00 in net income (profit) each year or ($3.27) on an earnings per share basis.

The company employs 16,800 workers across the globe.

The official website for the company is www.doordash.com. The company can be reached via phone at 650-487-3970 or via email at ir@doordash.com.