DoorDash (NASDAQ:DASH) Price Target Raised to $235.00

DoorDash (NASDAQ:DASH) had its target price increased by Susquehanna from $180.00 to $235.00 in a report issued on Thursday,Benzinga reports. Susquehanna currently has a positive rating on the stock.

DASH has been the subject of several other reports. DA Davidson increased their price objective on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Truist Financial lifted their target price on DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday. Loop Capital lifted their target price on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Oppenheimer boosted their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Morgan Stanley lifted their target price on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $205.45.

DoorDash Stock Up 3.8 %

DASH opened at $213.38 on Thursday. The business has a fifty day simple moving average of $179.29 and a 200-day simple moving average of $157.81. The firm has a market cap of $88.64 billion, a PE ratio of -474.18, a P/E/G ratio of 2.04 and a beta of 1.72. DoorDash has a fifty-two week low of $99.32 and a fifty-two week high of $214.64.

Insider Activity

In other DoorDash news, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the transaction, the director now owns 18,089 shares in the company, valued at $3,123,427.63. This represents a 73.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tony Xu sold 108,334 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $270,105. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 932,426 shares of company stock valued at $162,990,678. 7.92% of the stock is owned by company insiders.

Institutional Trading of DoorDash

Large investors have recently made changes to their positions in the company. Rakuten Securities Inc. lifted its stake in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the last quarter. Pittenger & Anderson Inc. acquired a new stake in DoorDash in the fourth quarter worth $29,000. Denver PWM LLC acquired a new stake in DoorDash in the fourth quarter worth $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash during the fourth quarter valued at about $34,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of DoorDash during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.