DoorDash (NASDAQ:DASH) Price Target Raised to $340.00

DoorDash (NASDAQ:DASH) had its price objective upped by equities researchers at Truist Financial from $336.00 to $340.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial‘s price target indicates a potential upside of 88.84% from the stock’s previous close.

DASH has been the subject of several other research reports. TD Cowen reiterated a “buy” rating on shares of DoorDash in a report on Tuesday. UBS Group restated a “neutral” rating and set a $213.00 price objective on shares of DoorDash in a report on Friday. Raymond James Financial reaffirmed a “buy” rating on shares of DoorDash in a research report on Thursday, September 3rd. Moffett Nathanson reduced their target price on shares of DoorDash from $280.00 to $278.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Wells Fargo & Company increased their target price on DoorDash from $225.00 to $230.00 and gave the stock a “cautious” rating in a report on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $252.02.

DoorDash Trading Up 0.6%

DASH stock traded up $1.05 during midday trading on Friday, hitting $180.05. 2,903,397 shares of the company’s stock were exchanged, compared to its average volume of 4,600,870. The stock’s fifty day moving average price is $198.71 and its 200-day moving average price is $183.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $78.01 billion, a PE ratio of 94.53 and a beta of 1.90. DoorDash has a one year low of $143.30 and a one year high of $260.74.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.25. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter last year, the firm posted $0.55 earnings per share. DoorDash’s revenue was up 34.0% compared to the same quarter last year. Research analysts predict that DoorDash will post 2.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 72,367 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $225.16, for a total value of $16,294,153.72. Following the completion of the transaction, the director owned 10,361 shares in the company, valued at $2,332,882.76. This trade represents a 87.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Andy Fang sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $228.31, for a total value of $3,424,650.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 393,998 shares of company stock valued at $85,861,330 in the last quarter. Company insiders own 44.90% of the company’s stock.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently bought and sold shares of DASH. Signature Equity Partners LLC raised its stake in shares of DoorDash by 213.5% during the 3rd quarter. Signature Equity Partners LLC now owns 163 shares of the company’s stock worth $30,000 after purchasing an additional 111 shares in the last quarter. Traynor Capital Management Inc. acquired a new stake in shares of DoorDash in the 3rd quarter valued at approximately $1,035,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of DoorDash in the third quarter valued at $2,522,000. Greenleaf Trust grew its stake in shares of DoorDash by 16.5% in the third quarter. Greenleaf Trust now owns 3,632 shares of the company’s stock valued at $667,000 after buying an additional 514 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in DoorDash during the third quarter worth $57,427,000. Institutional investors own 90.64% of the company’s stock.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash reported third-quarter adjusted EPS of $1.06, topping the $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion and exceeded expectations. The company also reported records for marketplace activity, revenue and net income. DoorDash third-quarter financial results
• Positive Sentiment: DoorDash’s planned acquisition of Instacart would expand its grocery-delivery presence, diversify revenue beyond restaurants and potentially create at least $500 million in operational efficiencies. The combination is intended to improve scale and strengthen competition with Amazon and Walmart. DoorDash to acquire Instacart
• Positive Sentiment: Wedbush upgraded DASH to “outperform” with a $230 price target, while Cantor Fitzgerald reaffirmed its “overweight” rating and assigned a $240 target, signaling expected upside from the earnings momentum and Instacart strategy.
• Neutral Sentiment: DoorDash said AI agents have generated only several hundred orders out of roughly 993 million orders. This reduces immediate concern that autonomous shopping agents are disrupting its platform, but it also indicates that AI-driven demand is not yet a meaningful growth catalyst. DoorDash AI agent orders
• Negative Sentiment: Barclays lowered its price target from $230 to $205 and maintained an “equal weight” rating, reflecting more cautious expectations despite the target remaining above the current share price.
• Negative Sentiment: The Instacart transaction faces substantial antitrust scrutiny because it combines major restaurant and grocery-delivery platforms. The deal is not expected to close until late 2027 or early 2028, and its cash-and-stock structure could require debt financing. Critics warn consolidation could increase consumer prices and pressure delivery-worker conditions. DoorDash Instacart regulatory risks

About DoorDash

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.