Cantor Fitzgerald Forecasts Higher Earnings for DoorDash

DoorDash, Inc. (NASDAQ:DASH) – Cantor Fitzgerald increased their FY2025 earnings per share (EPS) estimates for DoorDash in a research report issued on Tuesday, January 28th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the company will post earnings of $1.26 per share for the year, up from their previous forecast of $1.25. Cantor Fitzgerald has a “Overweight” rating and a $200.00 price objective on the stock. The consensus estimate for DoorDash’s current full-year earnings is $0.29 per share.

DASH has been the topic of a number of other reports. KeyCorp raised their price objective on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Truist Financial increased their price objective on DoorDash from $180.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Benchmark increased their price target on shares of DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Jefferies Financial Group upped their price objective on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Barclays raised their target price on DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.18.

DoorDash Stock Performance

DASH stock opened at $185.78 on Wednesday. The firm has a market cap of $77.17 billion, a P/E ratio of -412.84, a P/E/G ratio of 1.85 and a beta of 1.71. The firm’s fifty day moving average is $174.76 and its 200 day moving average is $150.11. DoorDash has a 52 week low of $99.32 and a 52 week high of $186.79.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the business earned ($0.19) earnings per share. The business’s quarterly revenue was up 25.0% on a year-over-year basis.

Insider Buying and Selling at DoorDash

In other news, 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 of the company’s stock, valued at $255,375. This represents a 98.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was 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 in the company, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,040,758 shares of company stock worth $181,434,201. Company insiders own 7.92% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. increased its stake in shares of DoorDash by 10.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after purchasing an additional 10,755 shares in the last quarter. Forsta AP Fonden grew its holdings in DoorDash by 18.6% during the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after purchasing an additional 10,100 shares during the period. Sanctuary Advisors LLC increased its position in DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after buying an additional 3,498 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after buying an additional 1,645,186 shares during the period. Finally, CWM LLC lifted its position in shares of DoorDash by 97.1% during the 3rd quarter. CWM LLC now owns 10,705 shares of the company’s stock valued at $1,528,000 after buying an additional 5,273 shares in the last quarter. 90.64% of the stock is currently 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.