DoorDash (NASDAQ:DASH) Price Target Raised to $220.00 at Benchmark

DoorDash (NASDAQ:DASH) had its target price upped by Benchmark from $180.00 to $220.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. Piper Sandler increased their target price on DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Loop Capital increased their target price on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group increased their target price on DoorDash from $161.00 to $192.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. increased their target price on DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group increased their price target on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.82.

DoorDash Stock Up 0.2 %

NASDAQ:DASH opened at $193.09 on Tuesday. The stock’s 50 day moving average price is $177.52 and its two-hundred day moving average price is $156.06. The firm has a market capitalization of $80.21 billion, a price-to-earnings ratio of -429.09, a P/E/G ratio of 2.04 and a beta of 1.72. DoorDash has a 12-month low of $99.32 and a 12-month high of $199.17.

Insider Transactions at DoorDash

In other news, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 366,993 shares in the company, valued at $67,233,117.60. This trade represents a 0.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Keith Yandell sold 7,980 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40. Following the completion of the sale, the insider now owns 124,221 shares of the company’s stock, valued at approximately $21,115,085.58. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,040,758 shares of company stock valued at $181,434,201. Corporate insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Large investors have recently made changes to their positions in the company. Baillie Gifford & Co. boosted its stake in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. Raymond James Financial Inc. acquired a new position in DoorDash during the 4th quarter valued at about $146,094,000. Allspring Global Investments Holdings LLC boosted its stake in DoorDash by 216.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock valued at $154,486,000 after purchasing an additional 739,961 shares during the last quarter. Janus Henderson Group PLC boosted its stake in DoorDash by 14.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after purchasing an additional 700,465 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in DoorDash by 5,396.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after purchasing an additional 651,525 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.