DoorDash (NASDAQ:DASH) Upgraded at Wedbush

Wedbush upgraded shares of DoorDash (NASDAQ:DASH) from a neutral rating to an outperform rating in a report published on Thursday, Marketbeat Ratings reports. The firm currently has $260.00 price target on the stock, up from their prior price target of $160.00. Wedbush also issued estimates for DoorDash’s Q4 2025 earnings at $0.55 EPS, FY2025 earnings at $2.20 EPS and FY2026 earnings at $4.05 EPS.

Other equities analysts have also issued research reports about the stock. Morgan Stanley lifted their price target on shares of DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Wells Fargo & Company cut their target price on DoorDash from $301.00 to $239.00 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. decreased their price target on DoorDash from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Piper Sandler lifted their price objective on DoorDash from $210.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada reduced their target price on DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $279.00.

DoorDash Price Performance

Shares of DASH opened at $206.96 on Thursday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The stock has a market cap of $89.20 billion, a PE ratio of 105.06 and a beta of 1.70. DoorDash has a 12-month low of $155.40 and a 12-month high of $285.50. The business has a 50-day simple moving average of $254.14 and a two-hundred day simple moving average of $238.14.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.13). The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. Analysts anticipate that DoorDash will post 2.22 earnings per share for the current fiscal year.

Insider Activity at DoorDash

In other news, COO Prabir Adarkar sold 41,881 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the completion of the transaction, the chief operating officer directly owned 914,547 shares of the company’s stock, valued at $224,813,943.54. This represents a 4.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $243.32, for a total transaction of $7,299,600.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 791,110 shares of company stock valued at $196,549,692 over the last quarter. Corporate insiders own 5.83% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Several institutional investors and hedge funds have recently bought and sold shares of the company. Saudi Central Bank bought a new position in shares of DoorDash during the 1st quarter worth $25,000. WPG Advisers LLC bought a new position in DoorDash during the first quarter worth about $26,000. Physician Wealth Advisors Inc. increased its stake in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares in the last quarter. Pacific Center for Financial Services bought a new stake in shares of DoorDash in the first quarter valued at approximately $27,000. Finally, GFG Capital LLC purchased a new stake in shares of DoorDash during the 2nd quarter valued at approximately $30,000. 90.64% of the stock is owned by 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.