Wedbush Analysts Lift Earnings Estimates for DoorDash

DoorDash, Inc. (NASDAQ:DASH) – Equities research analysts at Wedbush raised their Q1 2025 earnings per share estimates for shares of DoorDash in a research report issued on Tuesday, April 15th. Wedbush analyst S. Devitt now anticipates that the company will earn $0.40 per share for the quarter, up from their previous estimate 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.

Other analysts also recently issued research reports about the stock. Loop Capital lifted their target price on shares of DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a report on Monday, February 24th. Wolfe Research increased their price objective on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Roth Mkm upped their price target on shares of DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Truist Financial upped their target price on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, JMP Securities restated a “market outperform” rating and issued a $200.00 price objective on shares of DoorDash in a research report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $208.88.

DoorDash Stock Up 1.0 %

NASDAQ:DASH opened at $181.24 on Thursday. The company 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. The stock’s 50 day moving average price is $189.13 and its 200 day moving average price is $176.17.

Hedge Funds Weigh In On DoorDash

Institutional investors have recently bought and sold shares of the stock. GeoWealth Management LLC raised its stake in shares of DoorDash by 3.7% in the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock valued at $240,000 after acquiring an additional 51 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after buying an additional 69 shares during the period. Avestar Capital LLC grew its stake in DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after buying an additional 75 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in DoorDash by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after acquiring an additional 84 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DoorDash

In related news, CFO Ravi Inukonda sold 15,198 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the sale, the chief financial officer now owns 351,970 shares of the company’s stock, valued at approximately $71,840,596.70. The trade was a 4.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Prabir Adarkar sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the transaction, the chief operating officer now directly owns 925,222 shares in the company, valued at approximately $167,307,894.26. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 158,511 shares of company stock valued at $30,308,544 in the last 90 days. 7.92% of the stock is currently owned by corporate insiders.

About DoorDash

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.