Ratings for DoorDash DASH were provided by 31 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 10 | 14 | 7 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 6 | 7 | 6 | 0 | 0 |
| 3M Ago | 2 | 6 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $174.0, a high estimate of $217.00, and a low estimate of $142.00. This upward trend is apparent, with the current average reflecting a 14.85% increase from the previous average price target of $151.50.
Deciphering Analyst Ratings: An In-Depth Analysis
In examining recent analyst actions, we gain insights into 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 |
|---|---|---|---|---|---|
| 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 |
| James Lee | Mizuho | Raises | Outperform | $173.00 | $162.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $170.00 | $150.00 |
| John Colantuoni | Jefferies | Raises | Buy | $180.00 | $155.00 |
| Lloyd Walmsley | UBS | Raises | Neutral | $160.00 | $143.00 |
| Mark Zgutowicz | Benchmark | Raises | Buy | $173.00 | $152.00 |
| Ken Gawrelski | Wells Fargo | Raises | Equal-Weight | $142.00 | $127.00 |
| Deepak Mathivanan | Cantor Fitzgerald | Maintains | Overweight | $160.00 | $160.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $160.00 | $145.00 |
| Jason Helfstein | Oppenheimer | Raises | Outperform | $160.00 | $145.00 |
| Justin Patterson | Keybanc | Announces | Overweight | $177.00 | - |
| Josh Beck | Raymond James | Announces | Outperform | $155.00 | - |
| Deepak Mathivanan | Cantor Fitzgerald | Maintains | Overweight | $160.00 | $160.00 |
| Jake Fuller | BTIG | Announces | Buy | $155.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to DoorDash. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect 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.
Capture valuable insights into DoorDash's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with 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 US. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe. DoorDash provides 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.
DoorDash: Financial Performance Dissected
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust 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 its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: DoorDash's net margin excels beyond industry benchmarks, reaching 5.99%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): DoorDash's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.2%, the company may face hurdles in achieving optimal financial performance.
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: With a below-average debt-to-equity ratio of 0.07, DoorDash adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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.
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