Barclays Has Lowered Expectations for DoorDash (NASDAQ:DASH) Stock Price

DoorDash (NASDAQ:DASH) had its price target decreased by equities researchers at Barclays from $230.00 to $205.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 11.83% from the stock’s previous close.

A number of other research firms have also recently commented on DASH. Bank of America reiterated a “buy” rating on shares of DoorDash in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on DoorDash from $255.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Raymond James Financial reiterated a “buy” rating on shares of DoorDash in a research note on Thursday, September 3rd. Mizuho set a $255.00 price target on DoorDash in a research note on Friday. Finally, The Goldman Sachs Group cut their price target on DoorDash from $280.00 to $275.00 in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.93.

DoorDash Stock Performance

NASDAQ DASH traded up $4.31 on Friday, hitting $183.31. 1,409,171 shares of the stock were exchanged, compared to its average volume of 4,593,376. The company has a market capitalization of $79.43 billion, a PE ratio of 95.59 and a beta of 1.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The business’s fifty day moving average is $198.71 and its 200 day moving average is $183.29. DoorDash has a 52 week low of $143.30 and a 52 week high of $260.74.

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

Insider Activity

In other news, COO Prabir Adarkar sold 8,738 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $180.85, for a total transaction of $1,580,267.30. Following the completion of the sale, the chief operating officer owned 921,473 shares in the company, valued at $166,648,392.05. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total value of $918,450.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 393,998 shares of company stock valued at $85,861,330. Company insiders own 44.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DASH. Activest Wealth Management grew its stake in shares of DoorDash by 892.9% in the third quarter. Activest Wealth Management now owns 139 shares of the company’s stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. Washington Trust Advisors Inc. raised its stake in DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after purchasing an additional 64 shares in the last quarter. City State Bank raised its stake in DoorDash by 56.0% in the 3rd 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. Signature Equity Partners LLC boosted its holdings in DoorDash by 213.5% in the 3rd quarter. Signature Equity Partners LLC now owns 163 shares of the company’s stock valued at $30,000 after purchasing an additional 111 shares during the period. Finally, Clark Wealth Partners boosted its holdings in DoorDash by 833.3% in the 3rd quarter. Clark Wealth Partners now owns 196 shares of the company’s stock valued at $36,000 after purchasing an additional 175 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Quarterly results exceeded expectations: DoorDash reported third-quarter adjusted earnings of $1.06 per share, above the roughly $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion. The company also cited records for marketplace gross order volume, revenue and net income. DoorDash third-quarter earnings report
• Positive Sentiment: Instacart acquisition expands DoorDash’s addressable market: The proposed cash-and-stock transaction would combine DoorDash’s restaurant-delivery leadership with Instacart’s grocery platform. Management expects more than $500 million in operational efficiencies from cross-selling and a denser delivery network, while gaining scale to compete with Amazon and Walmart. DoorDash to acquire Instacart
• Positive Sentiment: Analyst support remains favorable: Cantor Fitzgerald reaffirmed its “overweight” rating and set a $240 price target. The broader consensus target is approximately $254.95, suggesting analysts see substantial upside if DoorDash executes on its standalone growth and acquisition strategy. Cantor Fitzgerald DoorDash rating
• Neutral Sentiment: The Instacart deal is not expected to close until late 2027 or the first half of 2028. Both companies are expected to continue operating under their existing brands during the review and integration period. DoorDash and Instacart transaction timeline
• Negative Sentiment: Regulatory scrutiny and deal financing are key risks: The combination could face an extensive antitrust review because DoorDash already holds a leading position in restaurant delivery and Instacart is a major grocery-delivery provider. DoorDash also plans to use debt for much of the cash consideration, increasing execution and balance-sheet risk. Antitrust concerns over the DoorDash Instacart merger

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.