Wedbush Brokers Boost Earnings Estimates for DoorDash

DoorDash, Inc. (NASDAQ:DASH - Free Report) - Analysts at Wedbush raised their Q1 2025 earnings estimates for DoorDash in a research report issued on Tuesday, April 15th. Wedbush analyst S. Devitt now expects that the company will post earnings per share of $0.40 for the quarter, up from their prior forecast of $0.25. Wedbush currently has a "Neutral" rating and a $210.00 target price on the stock. The consensus estimate for DoorDash's current full-year earnings is $2.22 per share. Wedbush also issued estimates for DoorDash's Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.48 EPS and FY2025 earnings at $1.47 EPS.

Several other research firms have also recently commented on DASH. JMP Securities reiterated a "market outperform" rating and set a $200.00 target price on shares of DoorDash in a research note on Thursday, February 6th. Mizuho increased their target price on shares of DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Oppenheimer reissued a "hold" rating on shares of DoorDash in a report on Monday, March 10th. BMO Capital Markets reaffirmed an "outperform" rating and set a $240.00 price objective (up from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Finally, Bank of America reduced their price target on shares of DoorDash from $245.00 to $235.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Ten analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and a consensus price target of $208.88.

DoorDash Stock Up 1.0 %

DASH stock traded up $1.85 during mid-day trading on Thursday, reaching $181.24. 2,495,257 shares of the stock traded hands, compared to its average volume of 4,253,946. The business has a 50-day moving average of $188.90 and a two-hundred day moving average of $176.67. The firm has a market capitalization of $76.14 billion, a PE ratio of 671.26 and a beta of 1.69. DoorDash has a 52 week low of $99.32 and a 52 week high of $215.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $29,000. Denver PWM LLC purchased a new position in DoorDash in the fourth quarter worth $30,000. Princeton Global Asset Management LLC purchased a new stake in DoorDash during the fourth quarter worth about $34,000. ORG Wealth Partners LLC purchased a new position in DoorDash in the fourth quarter valued at approximately $36,000. Finally, IFP Advisors Inc grew its stake in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after acquiring an additional 54 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the transaction, the director now owns 14,778 shares in the company, valued at approximately $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Tia Sherringham sold 12,088 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the sale, the general counsel now owns 122,135 shares in the company, valued at $24,848,365.75. This trade represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,511 shares of company stock worth $30,308,544. Corporate insiders own 7.92% 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.