In the latest quarter, 9 analysts provided ratings for DoorDash DASH, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 1 | 3 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 3 | 1 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $104.11, along with a high estimate of $130.00 and a low estimate of $51.00. This current average has increased by 15.31% from the previous average price target of $90.29.
Breaking Down Analyst Ratings: A Detailed Examination
An in-depth analysis of recent analyst actions unveils how financial experts perceive DoorDash. The following summary 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 |
|---|---|---|---|---|---|
| John Colantuoni | Jefferies | Raises | Buy | $130.00 | $90.00 |
| Lee Horowitz | Deutsche Bank | Announces | Buy | $125.00 | - |
| Bernie McTernan | Needham | Maintains | Buy | $105.00 | - |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $113.00 | $100.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $130.00 | $125.00 |
| Doug Anmuth | JP Morgan | Raises | Neutral | $96.00 | $95.00 |
| Alexander Potter | Piper Sandler | Raises | Underweight | $51.00 | $47.00 |
| Ross Sandler | Barclays | Raises | Equal-Weight | $95.00 | $90.00 |
| Scott Devitt | Wedbush | Raises | Neutral | $92.00 | $85.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to DoorDash. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' 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.
For valuable insights into DoorDash's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent 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 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: Delving into Financials
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining DoorDash's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 27.22% as of 30 September, 2023, showcasing a substantial increase in 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: DoorDash's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -3.37%, the company may face hurdles in effective cost management.
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 is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.74%, the company may face hurdles in achieving optimal financial returns.
Debt Management: DoorDash's debt-to-equity ratio is below the industry average. With a ratio of 0.08, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
How Are Analyst Ratings Determined?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
