Analysts Set DoorDash, Inc. (NASDAQ:DASH) Price Target at $128.88

Twenty-three research firms consensus analysis indicates a "Moderate Buy" recommendation for DoorDash (DASH). Nine analysts advise holding, while fourteen suggest buying. The average 1-year price target is $128.88, with recent adjustments from Oppenheimer ($140), Goldman Sachs ($122), BMO Capital Markets ($138), Truist Financial ($155), and Moffett Nathanson ($164).

DoorDash Receives "Moderate Buy" Consensus Recommendation from Analysts

DoorDash, Inc. (NASDAQ: DASH), a leading online food delivery platform, has garnered a "Moderate Buy" consensus recommendation from a panel of twenty-three research firms actively covering the company, according to MarketBeat Ratings. This assessment reflects the collective opinions of industry experts who have evaluated DoorDash's performance and prospects.

Nine Hold Recommendations and Fourteen Buy Recommendations

Within this group of analysts, nine have assigned a "Hold" rating to DoorDash, indicating their belief that the stock's price is likely to remain stable or fluctuate within a narrow range. However, a more optimistic outlook is expressed by fourteen analysts who have issued "Buy" recommendations, suggesting their confidence in DoorDash's potential for share price appreciation.

Target Price of $128.88

In addition to their recommendation, analysts have provided an average 1-year price target for DoorDash stock of $128.88. This target, which represents a potential upside of approximately 11%, reflects their expectations for the company's future performance.

Recent Ratings Updates

Several research firms have recently weighed in on DoorDash, offering their perspectives and adjusting their target prices. Oppenheimer upgraded DoorDash from "Outperform" to "Buy" and raised its target price from $110.00 to $140.00. The Goldman Sachs Group maintained its "Neutral" rating but increased its target price from $109.00 to $122.00. BMO Capital Markets lifted its target price from $120.00 to $138.00 and reiterated its "Outperform" rating. Truist Financial upgraded DoorDash from "Hold" to "Buy" and boosted its target price from $140.00 to $155.00. Finally, Moffett Nathanson upgraded DoorDash from "Neutral" to "Buy" and significantly raised its target price from $118.00 to $164.00.

Stock Performance and Key Metrics

DoorDash shares opened at $130.90 on Thursday, April 18th. The stock has experienced significant price volatility over the past year, with a 52-week low of $56.59 and a 52-week high of $143.34. As of its market close on Thursday, April 18th, DoorDash had a market capitalization of approximately $52.88 billion. Its price-to-earnings (P/E) ratio was -91.54, its price-to-earnings-to-growth (PEG) ratio was 15.58, and its beta coefficient was 1.79. The stock's 50-day moving average and 200-day moving average were $129.98 and $106.26, respectively.

Financial Results

DoorDash reported its latest quarterly earnings on Thursday, February 15th. The company reported earnings per share (EPS) of ($0.39), missing the consensus estimate by ($0.24). Revenue for the quarter reached $2.30 billion, exceeding analyst expectations of $2.25 billion. DoorDash reported a negative net margin of 6.46% and a negative return on equity (ROE) of 8.49%. Despite these financial challenges, the company's quarterly revenue exhibited a 26.7% increase compared to the same quarter in the previous year, while EPS declined from ($0.63) in the prior year's period. Analysts currently project that DoorDash will achieve EPS of 0.2 for the current year.

Insider Activity

Recent insider activity has involved transactions by company executives. On Tuesday, February 6th, Director Shona L. Brown sold 700 shares of DoorDash stock at an average price of $109.71, resulting in total proceeds of $76,797.00. This sale reduced Brown's direct ownership in the company to 71,514 shares, valued at approximately $7,845,800.94. Director Andy Fang also sold a significant number of shares on Thursday, April 11th, disposing of 66,195 shares at an average price of $139.31 for a total value of $9,221,625.45. Following this transaction, Fang's direct ownership in DoorDash decreased to 36,482 shares, worth approximately $5,082,307.42. In the past quarter, company insiders have sold a total of 364,982 shares, valued at $47,221,669. Currently, corporate insiders collectively own 9.59% of DoorDash's outstanding shares.

Institutional Ownership

Institutional investors have also been actively involved in DoorDash's stock trading. Parkside Financial Bank & Trust significantly increased its holdings by 361.2% in the fourth quarter, acquiring an additional 307 shares and bringing its total ownership to 392 shares, valued at $39,000. Fifth Third Bancorp followed a similar trend, raising its holdings by 448.8% in the third quarter through the purchase of 359 additional shares, resulting in a total of 439 shares valued at $35,000. Valley National Advisers Inc. established a new position in DoorDash during the fourth quarter, acquiring shares worth approximately $43,000. SJS Investment Consulting Inc. expanded its holdings by 26.9% in the fourth quarter, adding 98 shares and bringing its total ownership to 46