DoorDash (NASDAQ:DASH) Price Target Raised to $205.00 at JPMorgan Chase & Co.

DoorDash (NASDAQ:DASH) had its target price hoisted by JPMorgan Chase & Co. from $155.00 to $205.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently issued reports on DASH. Wells Fargo & Company raised their price objective on shares of DoorDash from $150.00 to $166.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Needham & Company LLC boosted their price objective on shares of DoorDash from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday. Evercore ISI raised their target price on DoorDash from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday. Susquehanna lifted their price target on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group lifted their target price on shares of DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average price target of $202.67.

DoorDash Stock Up 4.0 %

NASDAQ:DASH opened at $200.89 on Wednesday. DoorDash has a 12 month low of $99.32 and a 12 month high of $201.17. The company has a 50 day simple moving average of $178.00 and a two-hundred day simple moving average of $156.37.

Insiders Place Their Bets

In related news, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction 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 $255,375. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,040,758 shares of company stock worth $181,434,201. 7.92% of the stock is owned by corporate insiders.

Institutional Trading of DoorDash

A number of hedge funds have recently bought and sold shares of the business. Rakuten Securities Inc. boosted its holdings in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the last quarter. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash in the 4th quarter worth $29,000. Denver PWM LLC purchased a new position in shares of DoorDash during the 4th quarter worth $30,000. Princeton Global Asset Management LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at about $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.