Brokers Offer Predictions for DoorDash FY2025 Earnings

DoorDash, Inc. (NASDAQ:DASH) – Research analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for DoorDash in a research report issued to clients and investors on Tuesday, January 21st. Cantor Fitzgerald analyst D. Mathivanan forecasts that the company will post earnings per share of $1.25 for the year. Cantor Fitzgerald has a “Overweight” rating and a $160.00 price objective on the stock. The consensus estimate for DoorDash’s current full-year earnings is $0.27 per share.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the company posted ($0.19) earnings per share. The company’s revenue for the quarter was up 25.0% on a year-over-year basis.

Several other analysts also recently commented on the stock. Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Loop Capital boosted their price objective on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. DA Davidson increased their target price on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group boosted their price target on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Barclays lifted their target price on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $175.97.

DoorDash Price Performance

NASDAQ DASH opened at $178.10 on Wednesday. The stock’s 50-day moving average is $173.63 and its 200-day moving average is $147.21. DoorDash has a one year low of $99.32 and a one year high of $181.78. The firm has a market cap of $73.98 billion, a P/E ratio of -395.78, a P/E/G ratio of 1.80 and a beta of 1.71.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $172.67, for a total value of $8,633,500.00. Following the sale, the director now owns 18,089 shares in the company, valued at $3,123,427.63. This trade represents a 73.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $255,375. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,019,333 shares of company stock worth $177,556,541. Corporate insiders own 7.92% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. boosted its stake in shares of DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. State Street Corp raised its holdings in DoorDash by 3.8% in the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after buying an additional 272,659 shares during the last quarter. Janus Henderson Group PLC boosted its position in DoorDash by 14.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after buying an additional 700,465 shares during the period. Geode Capital Management LLC increased its position in DoorDash by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after acquiring an additional 267,855 shares during the period. Finally, Franklin Resources Inc. increased its position in DoorDash by 15.2% in the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after acquiring an additional 501,905 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Company Profile

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.