Cantor Fitzgerald Forecasts Higher Earnings for DoorDash

DoorDash, Inc. (NASDAQ:DASH) – Research analysts at Cantor Fitzgerald lifted their FY2025 EPS estimates for shares of DoorDash in a report released on Wednesday, February 12th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the company will post earnings of $1.56 per share for the year, up from their previous forecast of $1.26. Cantor Fitzgerald currently has a “Overweight” rating and a $230.00 target price on the stock. The consensus estimate for DoorDash’s current full-year earnings is $0.29 per share.

A number of other analysts have also issued reports on the company. Wedbush increased their target price on DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on DoorDash from $155.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday. Susquehanna lifted their target price on DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research note on Thursday. Oppenheimer increased their price target on shares of DoorDash from $180.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Wolfe Research boosted their price objective on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.45.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $213.38 on Friday. DoorDash has a 1-year low of $99.32 and a 1-year high of $214.64. The stock has a market capitalization of $88.64 billion, a price-to-earnings ratio of -474.18, a PEG ratio of 2.04 and a beta of 1.72. The company has a 50 day moving average price of $179.29 and a 200 day moving average price of $157.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers increased its position in shares of DoorDash by 7.2% in the second quarter. Cetera Investment Advisers now owns 11,747 shares of the company’s stock valued at $1,278,000 after acquiring an additional 788 shares during the period. Creative Planning increased its holdings in DoorDash by 58.3% during the 3rd quarter. Creative Planning now owns 109,972 shares of the company’s stock valued at $15,696,000 after purchasing an additional 40,489 shares during the period. Swedbank AB raised its position in DoorDash by 1.0% during the 3rd quarter. Swedbank AB now owns 165,516 shares of the company’s stock valued at $23,624,000 after purchasing an additional 1,588 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in DoorDash by 65.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 11,645 shares of the company’s stock worth $1,662,000 after buying an additional 4,607 shares during the period. Finally, Bleakley Financial Group LLC grew its position in shares of DoorDash by 47.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 7,324 shares of the company’s stock worth $1,045,000 after buying an additional 2,351 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Keith Yandell sold 7,980 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the completion of the transaction, the insider now directly owns 124,221 shares in the company, valued at $21,115,085.58. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the completion of the transaction, the director now owns 16,176 shares in the company, valued at approximately $2,722,744.32. This trade represents a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 932,426 shares of company stock worth $162,990,678 over the last quarter. 7.92% of the stock is currently owned by company insiders.

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.