Wedbush Analysts Increase Earnings Estimates for DoorDash

DoorDash, Inc. (NASDAQ:DASH) – Equities researchers at Wedbush raised their Q1 2025 EPS estimates for shares of DoorDash in a note issued to investors on Tuesday, April 15th. Wedbush analyst S. Devitt now forecasts that the company will earn $0.40 per share for the quarter, up from their prior forecast of $0.25. Wedbush currently has a “Neutral” rating and a $210.00 target price on the stock. The consensus estimate for DoorDash’s current full-year earnings is $2.22 per share. Wedbush also issued estimates for DoorDash’s Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.48 EPS and FY2025 earnings at $1.47 EPS.

DASH has been the subject of a number of other reports. Mizuho raised their price objective on shares of DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. FBN Securities started coverage on DoorDash in a report on Friday, March 28th. They set an “outperform” rating and a $230.00 price target on the stock. Royal Bank of Canada upped their target price on shares of DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group raised their target price on shares of DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Susquehanna lifted their price objective on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $208.88.

DoorDash Stock Performance

DASH stock opened at $181.24 on Thursday. The firm has a market capitalization of $76.14 billion, a price-to-earnings ratio of 671.26 and a beta of 1.69. The firm has a 50 day moving average price of $189.13 and a 200-day moving average price of $176.17. DoorDash has a 52-week low of $99.32 and a 52-week high of $215.25.

Insider Activity at DoorDash

In related news, CFO Ravi Inukonda sold 15,198 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value of $3,102,063.78. Following the transaction, the chief financial officer now owns 351,970 shares in the company, valued at approximately $71,840,596.70. This represents a 4.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Fang sold 1,398 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the sale, the director now directly owns 14,778 shares in the company, valued at $3,006,584.10. This trade represents a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,511 shares of company stock valued at $30,308,544 in the last ninety days. Company insiders own 7.92% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Sagespring Wealth Partners LLC purchased a new position in shares of DoorDash during the 1st quarter valued at approximately $430,000. Sowell Financial Services LLC acquired a new position in shares of DoorDash during the 1st quarter worth approximately $222,000. Mission Wealth Management LP acquired a new stake in shares of DoorDash in the 1st quarter worth $212,000. Optas LLC purchased a new position in shares of DoorDash during the 1st quarter worth $233,000. Finally, Brighton Jones LLC raised its stake in DoorDash by 5.3% during the first quarter. Brighton Jones LLC now owns 9,829 shares of the company’s stock worth $1,796,000 after purchasing an additional 493 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.