Key Takeaways From DoorDash Analyst Ratings

In the preceding three months, 7 analysts have released ratings for DoorDash DASH, presenting a wide array of perspectives from bullish to bearish.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

Insights from analysts' 12-month price targets are revealed, presenting an average target of $123.14, a high estimate of $140.00, and a low estimate of $105.00. This upward trend is apparent, with the current average reflecting a 22.32% increase from the previous average price target of $100.67.

Breaking Down Analyst Ratings: A Detailed Examination

The perception of DoorDash by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to DoorDash. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of DoorDash compared to the broader market.
• Price Targets: Delving into movements, analysts provide estimates for the future value of DoorDash's stock. This analysis reveals shifts in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of DoorDash's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on DoorDash analyst ratings.

All You Need to Know About DoorDash

Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the U.S. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe. DoorDashprovides a marketplace for the merchants to create a presence online, market their offerings, and meet demand by making the offerings available for pickup or delivery. The firm provides similar service to businesses in addition to restaurants, such as grocery, retail, pet supplies, and flowers. In 2022, the firm generated $53.4 billion in gross order volume (up 27% year over year) and $6.6 billion in revenue (up 35%).

DoorDash: A Financial Overview

Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.

Revenue Growth: DoorDash displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 27.22%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -3.37%, the company may need to address challenges in effective cost control.

Return on Equity (ROE): DoorDash's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -1.13%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): DoorDash's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.74%, the company may face hurdles in achieving optimal financial performance.

Debt Management: DoorDash's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.08.

What Are Analyst Ratings?

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.