DoorDash (NASDAQ:DASH) Price Target Raised to $230.00

DoorDash (NASDAQ:DASH) had its target price hoisted by stock analysts at Cantor Fitzgerald from $200.00 to $230.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 19.12% from the stock’s current price.

Several other brokerages also recently weighed in on DASH. Wolfe Research lifted their target price on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. UBS Group increased their target price on DoorDash from $182.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Mizuho raised their target price on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday. Jefferies Financial Group raised their price objective on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Citigroup boosted their price objective on shares of DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $186.67.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $193.09 on Wednesday. The stock has a fifty day moving average price of $177.52 and a 200 day moving average price of $156.06. DoorDash has a 1-year low of $99.32 and a 1-year high of $199.17. The company has a market cap of $80.21 billion, a PE ratio of -429.09, a P/E/G ratio of 2.04 and a beta of 1.72.

Insiders Place Their Bets

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction 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 $67,233,117.60. This trade represents a 0.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the completion of the sale, the chief executive officer now owns 1,500 shares in the company, valued at approximately $255,375. This trade represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,040,758 shares of company stock worth $181,434,201 in the last quarter. 7.92% of the stock is owned by corporate insiders.

Institutional Trading of DoorDash

Several hedge funds and other institutional investors have recently bought and sold shares of DASH. Rakuten Securities Inc. lifted its position in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the last quarter. Pittenger & Anderson Inc. acquired a new position in DoorDash during the 4th quarter worth $29,000. Denver PWM LLC acquired a new position in shares of DoorDash during the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash during the fourth quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC bought a new position in DoorDash during the 4th quarter valued at $36,000. 90.64% of the stock is owned by institutional investors.

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.