Cantor Fitzgerald Forecasts Higher Earnings for DoorDash

DoorDash, Inc. (NASDAQ:DASH) – Equities researchers at Cantor Fitzgerald boosted their FY2025 earnings per share (EPS) estimates for DoorDash in a research report issued to clients and investors on Wednesday, June 25th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the company will post earnings per share of $1.71 for the year, up from their previous forecast of $1.69. Cantor Fitzgerald currently has a “Overweight” rating and a $260.00 target price on the stock. The consensus estimate for DoorDash’s current full-year earnings is $2.22 per share. Cantor Fitzgerald also issued estimates for DoorDash’s FY2026 earnings at $2.78 EPS.

Several other brokerages have also recently commented on DASH. Wells Fargo & Company decreased their target price on DoorDash from $201.00 to $198.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 7th. Stifel Nicolaus set a $198.00 target price on DoorDash and gave the stock a “hold” rating in a research report on Tuesday, June 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a $230.00 price objective on shares of DoorDash in a report on Wednesday, May 7th. DA Davidson increased their price objective on DoorDash from $150.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Finally, Wall Street Zen upgraded DoorDash from a “hold” rating to a “buy” rating in a report on Saturday, June 7th. Eleven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $214.76.

DoorDash Stock Up 3.0%

Shares of DoorDash stock opened at $239.64 on Thursday. The stock has a market cap of $101.55 billion, a PE ratio of 311.22 and a beta of 1.67. The business has a fifty day simple moving average of $204.82 and a 200-day simple moving average of $190.85. DoorDash has a 12 month low of $99.32 and a 12 month high of $239.83.

DoorDash (NASDAQ:DASH) last issued its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. DoorDash’s revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. AG2R LA Mondiale Gestion D Actifs bought a new position in shares of DoorDash in the first quarter valued at approximately $2,430,000. Swedbank AB raised its position in DoorDash by 8.1% in the 1st quarter. Swedbank AB now owns 184,849 shares of the company’s stock worth $33,785,000 after purchasing an additional 13,794 shares during the last quarter. Voya Investment Management LLC raised its position in DoorDash by 215.5% in the 1st quarter. Voya Investment Management LLC now owns 83,640 shares of the company’s stock worth $15,287,000 after purchasing an additional 57,130 shares during the last quarter. Strs Ohio bought a new position in DoorDash in the 1st quarter worth approximately $15,752,000. Finally, Geneos Wealth Management Inc. raised its position in DoorDash by 14.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,069 shares of the company’s stock worth $744,000 after purchasing an additional 527 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $231.70, for a total transaction of $330,172.50. Following the sale, the chief financial officer now directly owns 265,530 shares of the company’s stock, valued at approximately $61,523,301. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Keith Yandell sold 5,410 shares of DoorDash stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $204.53, for a total value of $1,106,507.30. Following the sale, the insider now directly owns 104,922 shares in the company, valued at $21,459,696.66. The trade was a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 313,552 shares of company stock valued at $63,965,566 over the last three months. 5.83% of the stock is owned by corporate insiders.

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.