DoorDash (NASDAQ:DASH) Price Target Raised to $272.00 at Bank of America

DoorDash (NASDAQ:DASH) had its price target upped by Bank of America from $260.00 to $272.00 in a research note issued to investors on Thursday,Benzinga reports. Bank of America currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Benchmark raised their price target on DoorDash from $315.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Mizuho lowered their target price on DoorDash from $350.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Oppenheimer restated an “outperform” rating and issued a $280.00 price target on shares of DoorDash in a research report on Thursday, November 6th. Needham & Company LLC lowered their price objective on shares of DoorDash from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Finally, Stifel Nicolaus dropped their price objective on shares of DoorDash from $253.00 to $224.00 and set a “hold” rating for the company in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $265.91.

DoorDash Stock Up 1.6%

Shares of DASH stock opened at $176.19 on Thursday. The stock has a market cap of $75.94 billion, a P/E ratio of 83.11 and a beta of 1.77. DoorDash has a 52 week low of $155.40 and a 52 week high of $285.50. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $208.70 and its two-hundred day simple moving average is $231.84.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). DoorDash had a net margin of 6.82% and a return on equity of 10.46%. The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 37.7% on a year-over-year basis. Analysts predict that DoorDash will post 2.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Ravi Inukonda sold 1,017 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $215.14, for a total value of $218,797.38. Following the completion of the sale, the chief financial officer owned 208,412 shares in the company, valued at approximately $44,837,757.68. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $181.28, for a total transaction of $226,600.00. Following the transaction, the director directly owned 32,252 shares of the company’s stock, valued at approximately $5,846,642.56. This represents a 3.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 315,725 shares of company stock valued at $67,969,184. 5.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DoorDash

Hedge funds and other institutional investors have recently modified their holdings of the business. Physician Wealth Advisors Inc. boosted its holdings in DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares during the period. Eastern Bank lifted its position in shares of DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Swiss RE Ltd. purchased a new stake in shares of DoorDash during the fourth quarter valued at $28,000. ST Germain D J Co. Inc. purchased a new stake in shares of DoorDash during the fourth quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of DoorDash in the fourth quarter worth about $32,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Surging orders and revenue growth: DoorDash reported a 32% YoY increase in orders and ~38% revenue growth, evidence of sustained demand that traders are rewarding. Orders Surge Article
• Positive Sentiment: Strong forward commentary on order trajectory and AI/expansion: Management’s order forecast and remarks about AI/chatbot initiatives and new verticals (grocery/retail) have reassured investors that unit economics and new businesses can drive future profit. WSJ Order Forecast Article
• Positive Sentiment: Analyst bullishness: Several analysts raised targets (Truist to $340, BofA to $272) and MarketBeat highlighted a potential rebound and double‑digit analyst upside — supporting the recovery narrative. Analyst Moves MarketBeat Rebound
• Positive Sentiment: Longer-term AI/retail thesis: Coverage highlighting DoorDash as an “AI beneficiary” and its strategy to own local commerce software/logistics has helped sentiment beyond the quarter. Seeking Alpha AI Article
• Neutral Sentiment: Short‑interest data appears anomalous/glitched (reported as 0 shares / NaN change) and isn’t providing a clear signal to traders today.
• Negative Sentiment: Earnings miss and cautious near‑term outlook: Q4 EPS of $0.48 missed consensus of $0.58 and revenue slightly missed estimates; DoorDash also warned of higher spending that will dent Q1 profitability. CNBC Earnings Article
• Negative Sentiment: Initial post‑earnings selloff / increased investment risk: Shares plunged after hours then recovered; investors are weighing ramped‑up international/technology spending and Deliveroo investments that could pressure near‑term margins. Proactive Investors
• Negative Sentiment: Mixed analyst downgrades/target cuts: Some firms trimmed targets (Cantor Fitzgerald, Needham, DA Davidson), introducing caution and potential volatility despite other raises. Price Target Cuts

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.