DoorDash (NASDAQ:DASH) Given New $235.00 Price Target at Oppenheimer

DoorDash (NASDAQ:DASH) had its price objective upped by equities research analysts at Oppenheimer from $180.00 to $235.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 14.28% from the stock’s previous close.

DASH has been the subject of several other reports. Bank of America lifted their target price on shares of DoorDash from $172.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Jefferies Financial Group lifted their target price on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Benchmark lifted their target price on shares of DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank of Canada lifted their target price on shares of DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $205.45.

DoorDash Trading Up 2.4 %

DASH stock opened at $205.64 on Wednesday. The firm has a 50 day moving average of $178.59 and a 200-day moving average of $156.71. DoorDash has a 12 month low of $99.32 and a 12 month high of $206.00. The firm has a market capitalization of $85.42 billion, a P/E ratio of -456.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 108,334 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at approximately $270,105. This trade represents 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 currently owned by company insiders.

Institutional Trading of DoorDash

Hedge funds have recently modified their holdings of the business. Asset Management One Co. Ltd. boosted its holdings in shares of DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock valued at $16,012,000 after buying an additional 10,755 shares in the last quarter. Swedbank AB boosted its holdings in shares of DoorDash by 3.3% during the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock valued at $28,694,000 after buying an additional 5,539 shares in the last quarter. Forsta AP Fonden boosted its holdings in shares of DoorDash by 18.6% during the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after buying an additional 10,100 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of DoorDash by 48.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after buying an additional 3,498 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares in the last quarter. Institutional investors 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.