Throughout the last three months, 25 analysts have evaluated DoorDash DASH, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 11 | 7 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 4 | 2 | 0 | 0 |
| 2M Ago | 2 | 1 | 0 | 0 | 0 |
| 3M Ago | 4 | 6 | 5 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $187.08, a high estimate of $225.00, and a low estimate of $150.00. This current average has increased by 17.63% from the previous average price target of $159.04.
Exploring Analyst Ratings: An In-Depth Overview
The standing of DoorDash among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Michael McGovern | B of A Securities | Raises | Buy | $205.00 | $172.00 |
| Eric Sheridan | Goldman Sachs | Raises | Neutral | $192.00 | $161.00 |
| Ken Gawrelski | Wells Fargo | Raises | Equal-Weight | $166.00 | $150.00 |
| Brian Nowak | Morgan Stanley | Raises | Overweight | $200.00 | $160.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $225.00 | $180.00 |
| Shweta Khajuria | Wolfe Research | Raises | Outperform | $220.00 | $210.00 |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $200.00 | $200.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $217.00 | $180.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $215.00 | $175.00 |
| Ronald Josey | Citigroup | Raises | Buy | $211.00 | $155.00 |
| Rob Sanderson | Loop Capital | Raises | Buy | $200.00 | $170.00 |
| Eric Sheridan | Goldman Sachs | Raises | Neutral | $161.00 | $142.00 |
| Shyam Patil | Susquehanna | Raises | Positive | $180.00 | $140.00 |
| Ross Sandler | Barclays | Raises | Equal-Weight | $163.00 | $120.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $175.00 | $165.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $180.00 | $177.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $190.00 | $160.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $180.00 | $170.00 |
| Mark Mahaney | Evercore ISI Group | Raises | Outperform | $200.00 | $155.00 |
| Doug Anmuth | JP Morgan | Raises | Neutral | $155.00 | $137.00 |
| Tom White | DA Davidson | Raises | Neutral | $150.00 | $119.00 |
| Michael McGovern | B of A Securities | Raises | Buy | $172.00 | $168.00 |
| Brian Pitz | BMO Capital | Raises | Outperform | $180.00 | $140.00 |
| Thomas Champion | Piper Sandler | Raises | Neutral | $160.00 | $125.00 |
| Bernie McTernan | Needham | Raises | Buy | $180.00 | $145.00 |
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: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of DoorDash compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
To gain a panoramic view of DoorDash's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on DoorDash analyst ratings.
Unveiling the Story Behind DoorDash
Founded in 2013 and headquartered in San Francisco, DoorDash is an online delivery demand aggregator. Consumers can use its app to order food items on-demand for delivery or in-store from merchants. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe and Asia. DoorDash creates a marketplace for merchants to establish a presence online, market their offerings, and meet demand through delivery. The firm provides similar service to nonrestaurant businesses, such as grocery, retail, and pet supplies. Dash is also rolling out nascent technology like drone delivery in an effort to continually innovate and provide the best possible service to supply-side and demand-side contingents of its marketplace.
DoorDash's Economic Impact: An Analysis
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Over the 3 months period, DoorDash showcased positive performance, achieving a revenue growth rate of 25.05% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: DoorDash's net margin is impressive, surpassing industry averages. With a net margin of 5.99%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.2%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): DoorDash's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.34% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: DoorDash's debt-to-equity ratio is below the industry average. With a ratio of 0.07, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: Simplified
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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