BTIG Research Has Lowered Expectations for DoorDash (NASDAQ:DASH) Stock Price

DoorDash (NASDAQ:DASH) had its price target decreased by investment analysts at BTIG Research from $315.00 to $280.00 in a report released on Friday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price objective indicates a potential upside of 83.51% from the company’s previous close.

DASH has been the topic of a number of other research reports. Jefferies Financial Group raised their price target on DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. DA Davidson reduced their price objective on DoorDash from $260.00 to $224.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Needham & Company LLC reduced their price objective on DoorDash from $275.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Mizuho reduced their price objective on DoorDash from $320.00 to $255.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Finally, Wolfe Research set a $270.00 price objective on DoorDash in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $262.06.

DoorDash Stock Down 1.3%

Shares of NASDAQ DASH opened at $152.58 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. DoorDash has a 52 week low of $143.30 and a 52 week high of $285.50. The stock has a market capitalization of $66.29 billion, a P/E ratio of 71.97 and a beta of 1.93. The stock’s fifty day moving average is $168.09 and its 200 day moving average is $208.92.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. Sell-side analysts forecast that DoorDash will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 15,000 shares of DoorDash stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $204.59, for a total value of $3,068,850.00. Following the transaction, the chief operating officer directly owned 874,130 shares of the company’s stock, valued at $178,838,256.70. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the transaction, the director directly owned 31,002 shares in the company, valued at approximately $5,475,263.22. This represents a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,423 shares of company stock valued at $18,043,871 in the last ninety days. Insiders own 5.83% of the company’s stock.

Hedge Funds Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently made changes to their positions in DASH. Norges Bank acquired a new position in shares of DoorDash in the fourth quarter worth approximately $1,093,650,000. Wellington Management Group LLP lifted its stake in shares of DoorDash by 593.1% in the fourth quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company’s stock worth $1,241,494,000 after acquiring an additional 4,690,744 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of DoorDash by 32.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after acquiring an additional 3,447,754 shares during the period. Coatue Management LLC lifted its stake in shares of DoorDash by 77.8% in the fourth quarter. Coatue Management LLC now owns 4,365,365 shares of the company’s stock worth $988,668,000 after acquiring an additional 1,910,488 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in shares of DoorDash in the fourth quarter worth approximately $372,128,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash and Wing are expanding drone deliveries into metro Atlanta, a tangible deployment of autonomous last‑mile tech that could lower delivery unit costs and improve service speed if adoption scales. Drone delivery heading to metro Atlanta
• Positive Sentiment: DoorDash is piloting reusable containers with restaurant partners — a sustainability push that could reduce packaging costs and appeal to eco-conscious customers over time. Reusable containers experiment
• Positive Sentiment: Company data shows moderating inflation and lower grocery prices in some locations, which can support order frequency and grocery GMV growth if the trend continues. Moderating grocery prices
• Neutral Sentiment: Readers and analysts are comparing DoorDash to other tech names (e.g., Baidu) as part of sector-level analysis, but the piece is not company-specific news that should move the stock materially on its own. Comparing DoorDash & Baidu
• Neutral Sentiment: A reported large increase in short interest contains erroneous/zero values (0 shares, NaN change), indicating a data glitch rather than a confirmed rise in bearish positioning. Investors should watch later official filings for clarity. Short interest data (glitch)
• Negative Sentiment: BTIG cut its price target from $315 to $280 while keeping a Buy rating — a downgrade in upside expectations that can put near-term pressure on the stock despite the firm’s continued conviction. BTIG lowers price target

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.