DoorDash (NASDAQ:DASH) Price Target Cut to $200.00 by Analysts at Wells Fargo & Company

DoorDash (NASDAQ:DASH) had its price objective decreased by analysts at Wells Fargo & Company from $230.00 to $200.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 10.41% from the company’s previous close.

A number of other analysts also recently commented on DASH. Mizuho set a $255.00 price objective on DoorDash in a research report on Friday. Raymond James Financial restated a “buy” rating on shares of DoorDash in a research report on Thursday, September 3rd. Roth Capital upped their target price on DoorDash from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Needham & Company LLC reduced their target price on DoorDash from $265.00 to $235.00 and set a “buy” rating for the company in a research report on Friday. Finally, Jefferies Financial Group boosted their price target on shares of DoorDash from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $250.83.

DoorDash Stock Performance

Shares of DASH traded up $2.14 during trading hours on Friday, reaching $181.14. 5,287,600 shares of the company traded hands, compared to its average volume of 4,612,392. 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 stock’s fifty day moving average is $198.71 and its 200 day moving average is $183.29. DoorDash has a 1-year low of $143.30 and a 1-year high of $260.74. The stock has a market cap of $78.49 billion, a P/E ratio of 94.65 and a beta of 1.90.

DoorDash (NASDAQ:DASH) last released its earnings results on Thursday, October 29th. The company reported $1.06 earnings per share 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 business had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same period last year, the business earned $0.55 earnings per share. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. Equities research analysts anticipate that DoorDash will post 2.51 earnings per share for the current fiscal year.

Insider Activity

In other DoorDash news, Director Stanley Tang sold 72,367 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $225.16, for a total value of $16,294,153.72. Following the transaction, the director directly owned 10,361 shares in the company, valued at $2,332,882.76. The trade was a 87.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, CEO Tony Xu sold 29,567 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $230.00, for a total transaction of $6,800,410.00. Following the sale, the chief executive officer directly owned 1,500 shares in the company, valued at $345,000. This represents a 95.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 393,998 shares of company stock worth $85,861,330 over the last ninety days. Corporate insiders own 44.90% of the company’s stock.

Institutional Investors Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. City State Bank boosted its stake in DoorDash by 56.0% in the third quarter. City State Bank now owns 156 shares of the company’s stock worth $29,000 after purchasing an additional 56 shares in the last quarter. Washington Trust Advisors Inc. increased its stake in shares of DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after buying an additional 64 shares in the last quarter. Premier Path Wealth Partners LLC increased its stake in shares of DoorDash by 2.7% in the second quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock valued at $465,000 after buying an additional 67 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of DoorDash by 3.3% in the first quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company’s stock valued at $349,000 after buying an additional 74 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of DoorDash by 3.0% in the third quarter. Raleigh Capital Management Inc. now owns 2,868 shares of the company’s stock valued at $526,000 after buying an additional 84 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash reported third-quarter EPS of $1.06, beating the $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion and exceeded expectations. The company also cited records for marketplace gross order volume, revenue and net income. DoorDash Third-Quarter 2026 Results
• Positive Sentiment: Wedbush upgraded DASH to “outperform” with a $230 price target, while Truist raised its target to $340 and maintained a “buy” rating. Cantor Fitzgerald also reaffirmed its “overweight” rating with a $240 target. DoorDash Analyst Upgrade
• Positive Sentiment: The Instacart acquisition could broaden DoorDash’s grocery and local-commerce capabilities, improve delivery density and create at least $500 million in targeted operational efficiencies. The combination is intended to strengthen competition with Amazon and Walmart. DoorDash to Acquire Instacart
• Neutral Sentiment: DoorDash said only several hundred orders have been placed by third-party AI agents out of roughly 993 million orders, suggesting that concerns about AI-driven disintermediation have not yet affected its business materially. DoorDash AI Agent Orders
• Negative Sentiment: The Instacart deal is expected to close only in late 2027 or early 2028 and faces likely FTC antitrust scrutiny. Instacart shares trade well below the $65 offer, signaling doubts about approval and highlighting the risk that DoorDash could incur financing and integration costs without completing the transaction. DoorDash Instacart Regulatory Risks
• Negative Sentiment: Barclays lowered its DASH price target from $230 to $205 and shifted to an “equal weight” rating, reflecting a more cautious view despite the remaining implied upside. Barclays DoorDash Price Target

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.