DoorDash (NASDAQ:DASH) Shares Gap Up After Analyst Upgrade

DoorDash, Inc. (NASDAQ:DASH)’s share price gapped up prior to trading on Thursday after Truist Financial raised their price target on the stock from $330.00 to $340.00. The stock had previously closed at $173.38, but opened at $185.00. Truist Financial currently has a buy rating on the stock. DoorDash shares last traded at $178.6410, with a volume of 7,294,433 shares.

A number of other research analysts have also weighed in on the stock. Roth Mkm reaffirmed a “neutral” rating and issued a $200.00 price target on shares of DoorDash in a research note on Thursday. Morgan Stanley reiterated an “overweight” rating and set a $275.00 target price on shares of DoorDash in a report on Thursday. JPMorgan Chase & Co. decreased their price objective on DoorDash from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Benchmark upped their price target on DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $265.91.

Insiders Place Their Bets

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction on Monday, February 9th. The shares were sold at an average price of $181.28, for a total transaction of $226,600.00. Following the completion of the transaction, the director directly owned 32,252 shares of the company’s stock, valued at $5,846,642.56. The trade was a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tony Xu sold 16,667 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $230.00, for a total transaction of $3,833,410.00. Following the completion of the transaction, the chief executive officer directly owned 1,500 shares in the company, valued at $345,000. The trade was a 91.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 315,725 shares of company stock worth $67,969,184 in the last three months. Insiders own 5.83% of the company’s stock.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Surging orders and revenue growth: DoorDash reported a 32% YoY increase in orders and ~38% revenue growth, evidence of sustained demand that traders are rewarding. Orders Surge Article
• Positive Sentiment: Strong forward commentary on order trajectory and AI/expansion: Management’s order forecast and remarks about AI/chatbot initiatives and new verticals (grocery/retail) have reassured investors that unit economics and new businesses can drive future profit. WSJ Order Forecast Article
• Positive Sentiment: Analyst bullishness: Several analysts raised targets (Truist to $340, BofA to $272) and MarketBeat highlighted a potential rebound and double‑digit analyst upside — supporting the recovery narrative. Analyst Moves MarketBeat Rebound
• Positive Sentiment: Longer-term AI/retail thesis: Coverage highlighting DoorDash as an “AI beneficiary” and its strategy to own local commerce software/logistics has helped sentiment beyond the quarter. Seeking Alpha AI Article
• Neutral Sentiment: Short‑interest data appears anomalous/glitched (reported as 0 shares / NaN change) and isn’t providing a clear signal to traders today.
• Negative Sentiment: Earnings miss and cautious near‑term outlook: Q4 EPS of $0.48 missed consensus of $0.58 and revenue slightly missed estimates; DoorDash also warned of higher spending that will dent Q1 profitability. CNBC Earnings Article
• Negative Sentiment: Initial post‑earnings selloff / increased investment risk: Shares plunged after hours then recovered; investors are weighing ramped‑up international/technology spending and Deliveroo investments that could pressure near‑term margins. Proactive Investors
• Negative Sentiment: Mixed analyst downgrades/target cuts: Some firms trimmed targets (Cantor Fitzgerald, Needham, DA Davidson), introducing caution and potential volatility despite other raises. Price Target Cuts

Hedge Funds Weigh In On DoorDash

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of DoorDash in the fourth quarter valued at about $1,093,650,000. Wellington Management Group LLP grew its position in shares of DoorDash by 593.1% during the 4th quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company’s stock worth $1,241,494,000 after purchasing an additional 4,690,744 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of DoorDash by 32.8% during 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 purchasing an additional 3,447,754 shares during the period. Coatue Management LLC grew its position in DoorDash by 77.8% during the fourth quarter. Coatue Management LLC now owns 4,365,365 shares of the company’s stock worth $988,668,000 after buying an additional 1,910,488 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of DoorDash by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock valued at $10,153,768,000 after acquiring an additional 1,792,799 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Trading Up 1.6%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $75.94 billion, a price-to-earnings ratio of 83.11 and a beta of 1.77. The firm has a fifty day moving average price of $208.70 and a 200-day moving average price of $231.84.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a return on equity of 10.46% and a net margin of 6.82%.The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the company earned $0.33 EPS. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. As a group, equities analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

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.