Research Analysts’ Recent Ratings Changes for DoorDash (DASH)

DoorDash (NASDAQ: DASH) has recently received a number of price target changes and ratings updates:

• 2/3/2025 – DoorDash had its price target raised by analysts at UBS Group AG from $182.00 to $200.00. They now have a “neutral” rating on the stock.
• 1/28/2025 – DoorDash had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $200.00 price target on the stock.
• 1/23/2025 – DoorDash had its price target raised by analysts at Bank of America Co. from $172.00 to $205.00. They now have a “buy” rating on the stock.
• 1/16/2025 – DoorDash had its price target raised by analysts at The Goldman Sachs Group, Inc. from $161.00 to $192.00. They now have a “neutral” rating on the stock.
• 1/16/2025 – DoorDash had its price target raised by analysts at Wells Fargo & Company from $150.00 to $166.00. They now have an “equal weight” rating on the stock.
• 1/13/2025 – DoorDash had its price target raised by analysts at Morgan Stanley from $160.00 to $200.00. They now have an “overweight” rating on the stock.
• 1/9/2025 – DoorDash had its price target raised by analysts at KeyCorp from $180.00 to $225.00. They now have an “overweight” rating on the stock.
• 1/3/2025 – DoorDash had its price target raised by analysts at Wolfe Research from $210.00 to $220.00. They now have an “outperform” rating on the stock.
• 1/2/2025 – DoorDash had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $200.00 price target on the stock.
• 12/20/2024 – DoorDash was upgraded by analysts at Argus from a “hold” rating to a “buy” rating.
• 12/17/2024 – DoorDash had its price target raised by analysts at Truist Financial Co. from $180.00 to $217.00. They now have a “buy” rating on the stock.

DoorDash Stock Performance

NASDAQ:DASH traded down $0.51 during mid-day trading on Wednesday, hitting $194.07. The company had a trading volume of 834,318 shares, compared to its average volume of 2,532,627. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $194.70. The business’s fifty day moving average is $175.84 and its two-hundred day moving average is $152.85. The firm has a market cap of $80.61 billion, a P/E ratio of -431.26, a P/E/G ratio of 1.97 and a beta of 1.72.

Insider Buying and Selling

In other news, insider Keith Yandell sold 7,980 shares of DoorDash stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the completion of the transaction, the insider now directly owns 124,221 shares in the company, valued at approximately $21,115,085.58. The trade was a 6.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the sale, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at approximately $255,375. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,040,758 shares of company stock worth $181,434,201. 7.92% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DoorDash

Several hedge funds and other institutional investors have recently modified their holdings of DASH. Baillie Gifford & Co. grew its position in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after acquiring an additional 1,645,186 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in DoorDash by 216.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after acquiring an additional 739,961 shares during the last quarter. Janus Henderson Group PLC grew 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 acquiring an additional 700,465 shares during the last quarter. Thrivent Financial for Lutherans grew its position in DoorDash by 5,396.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock worth $94,716,000 after acquiring an additional 651,525 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in DoorDash by 15.2% during the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after acquiring an additional 501,905 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

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.