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

DoorDash (NASDAQ:DASH) had its price objective boosted by investment analysts at Loop Capital from $200.00 to $235.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price target would suggest a potential upside of 22.86% from the company’s previous close.

DASH has been the topic of several other research reports. Barclays lifted their price target on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Piper Sandler reaffirmed a “neutral” rating and set a $210.00 price target (up previously from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Susquehanna lifted their price target on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research report on Thursday, February 13th. Finally, Wedbush lifted their price target on shares of DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $206.52.

DoorDash Price Performance

DASH opened at $191.27 on Monday. The company’s 50 day simple moving average is $183.18 and its two-hundred day simple moving average is $162.29. DoorDash has a 1-year low of $99.32 and a 1-year high of $215.24. The firm has a market capitalization of $80.35 billion, a price-to-earnings ratio of 708.41 and a beta of 1.72.

Insider Buying and Selling

In related news, insider Keith Yandell sold 8,116 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the completion of the transaction, the insider now owns 105,162 shares in the company, valued at approximately $21,395,208.90. The trade was a 7.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 16,176 shares of the company’s stock, valued at approximately $2,722,744.32. The trade was a 75.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 760,662 shares of company stock worth $134,448,673. Corporate insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Large investors have recently bought and sold shares of the stock. Rakuten Securities Inc. boosted its stake in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares in the last quarter. Pittenger & Anderson Inc. acquired a new position in DoorDash in the fourth quarter valued at $29,000. Denver PWM LLC acquired a new position in DoorDash in the fourth quarter valued at $30,000. Princeton Global Asset Management LLC acquired a new position in DoorDash in the fourth quarter valued at $34,000. Finally, ORG Wealth Partners LLC acquired a new position in DoorDash in the fourth quarter valued at $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.