DoorDash FY2025 EPS Forecast Raised by Cantor Fitzgerald

DoorDash, Inc. (NASDAQ:DASH) – Investment analysts at Cantor Fitzgerald increased their FY2025 earnings per share estimates for DoorDash in a report issued on Thursday, November 6th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the company will earn $2.09 per share for the year, up from their previous estimate of $2.06. Cantor Fitzgerald currently has a “Overweight” rating and a $270.00 target price on the stock. The consensus estimate for DoorDash’s current full-year earnings is $2.22 per share.

DASH has been the subject of several other research reports. UBS Group dropped their price objective on shares of DoorDash from $316.00 to $241.00 and set a “neutral” rating for the company in a research report on Thursday. Susquehanna cut their price target on DoorDash from $300.00 to $250.00 and set a “positive” rating on the stock in a research note on Friday. JMP Securities lifted their price objective on DoorDash from $250.00 to $335.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 7th. Evercore ISI reaffirmed an “outperform” rating and issued a $360.00 target price (up previously from $240.00) on shares of DoorDash in a research note on Friday, August 8th. Finally, Guggenheim upgraded shares of DoorDash to a “strong-buy” rating in a research report on Wednesday, October 15th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $281.68.

DoorDash Price Performance

Shares of DASH stock opened at $196.46 on Friday. DoorDash has a 1 year low of $155.40 and a 1 year high of $285.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $259.57 and its 200-day moving average is $237.02. The firm has a market capitalization of $83.93 billion, a price-to-earnings ratio of 99.73 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 10.31%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was up 27.3% compared to the same quarter last year.

Hedge Funds Weigh In On DoorDash

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. raised its stake in shares of DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the period. GFG Capital LLC acquired a new position in DoorDash during the 2nd quarter worth approximately $30,000. Saudi Central Bank bought a new position in shares of DoorDash during the 1st quarter worth approximately $25,000. WPG Advisers LLC acquired a new stake in shares of DoorDash in the first quarter valued at approximately $26,000. Finally, Sound Income Strategies LLC lifted its position in shares of DoorDash by 2,760.0% in the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after purchasing an additional 138 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 41,881 shares of DoorDash stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $245.82, for a total value of $10,295,187.42. Following the transaction, the chief operating officer owned 914,547 shares of the company’s stock, valued at approximately $224,813,943.54. The trade was a 4.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $243.31, for a total transaction of $11,048,707.10. The SEC filing for this sale provides additional information. In the last three months, insiders sold 876,527 shares of company stock worth $218,129,954. 5.83% of the stock is owned by company insiders.

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.