Cantor Fitzgerald Increases Earnings Estimates for DoorDash

DoorDash, Inc. (NASDAQ:DASH) – Equities researchers at Cantor Fitzgerald boosted their FY2025 earnings per share (EPS) estimates for DoorDash in a report issued on Wednesday, September 17th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the company will post earnings per share of $2.06 for the year, up from their previous forecast of $1.97. Cantor Fitzgerald currently has a “Overweight” rating and a $330.00 price target 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 $2.82 EPS.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.23. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.38) EPS.

Several other brokerages have also recently issued reports on DASH. Oppenheimer raised their target price on shares of DoorDash from $280.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Roth Capital increased their price target on DoorDash from $191.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Bank of America lifted their price objective on DoorDash from $230.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. BMO Capital Markets upped their price objective on DoorDash from $238.00 to $288.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, Wells Fargo & Company raised their target price on DoorDash from $280.00 to $306.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $268.76.

DoorDash Stock Performance

Shares of DASH stock opened at $268.07 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average price of $249.73 and a 200-day moving average price of $217.71. DoorDash has a 52 week low of $136.05 and a 52 week high of $278.15. The firm has a market capitalization of $114.52 billion, a PE ratio of 148.93 and a beta of 1.70.

Insider Buying and Selling

In related news, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $240.69, for a total value of $10,929,732.90. Following the completion of the sale, the director directly owned 26,070 shares of the company’s stock, valued at approximately $6,274,788.30. This represents a 63.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Prabir Adarkar sold 41,881 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the sale, the chief operating officer owned 914,547 shares in the company, valued at approximately $224,813,943.54. The trade was a 4.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,026,048 shares of company stock worth $251,592,950 over the last ninety days. 5.83% of the stock is owned by corporate insiders.

Institutional Trading of DoorDash

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in DoorDash by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock worth $10,153,768,000 after buying an additional 1,792,799 shares during the period. State Street Corp raised its holdings in DoorDash by 3.1% during the second quarter. State Street Corp now owns 14,387,499 shares of the company’s stock valued at $3,546,662,000 after acquiring an additional 427,722 shares during the period. Geode Capital Management LLC lifted its position in shares of DoorDash by 2.9% in the second quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock valued at $1,950,711,000 after acquiring an additional 223,188 shares in the last quarter. Invesco Ltd. boosted its stake in shares of DoorDash by 12.0% in the second quarter. Invesco Ltd. now owns 5,375,480 shares of the company’s stock worth $1,325,110,000 after acquiring an additional 575,629 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of DoorDash by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company’s stock worth $897,031,000 after acquiring an additional 641,601 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.