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26 analysts have expressed a variety of opinions on DoorDash (NASDAQ:DASH) over the past quarter, offering a diverse set of opinions 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.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 10 | 8 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 2 | 1 | 0 | 0 |
| 2M Ago | 3 | 7 | 6 | 0 | 0 |
| 3M Ago | 2 | 1 | 1 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $136.65, along with a high estimate of $175.00 and a low estimate of $100.00. This upward trend is apparent, with the current average reflecting a 18.46% increase from the previous average price target of $115.36.
Analyzing Analyst Ratings: A Detailed Breakdown
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 |
|---|---|---|---|---|---|
| Mark Zgutowicz | Benchmark | Announces | Buy | $165.00 | - |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $160.00 | $130.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $155.00 | $140.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $160.00 | $130.00 |
| Thomas Champion | Piper Sandler | Raises | Neutral | $127.00 | $53.00 |
| James Lee | Mizuho | Raises | Buy | $162.00 | $152.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $175.00 | $130.00 |
| Brian Nowak | Morgan Stanley | Raises | Overweight | $145.00 | $135.00 |
| Eric Sheridan | Goldman Sachs | Raises | Neutral | $122.00 | $109.00 |
| Shyam Patil | Susquehanna | Raises | Positive | $135.00 | $110.00 |
| Ken Gawrelski | Wells Fargo | Lowers | Equal-Weight | $100.00 | $105.00 |
| James Lee | Mizuho | Raises | Buy | $152.00 | $140.00 |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $130.00 | - |
| Lloyd Walmsley | UBS | Lowers | Neutral | $118.00 | $123.00 |
| Eric Sheridan | Goldman Sachs | Raises | Neutral | $122.00 | $109.00 |
| Brad Erickson | RBC Capital | Raises | Sector Perform | $130.00 | $105.00 |
| Brian Pitz | BMO Capital | Raises | Outperform | $138.00 | $120.00 |
| Scott Devitt | Wedbush | Raises | Neutral | $115.00 | $92.00 |
| Jason Helfstein | Oppenheimer | Raises | Outperform | $140.00 | $110.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $140.00 | $130.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $130.00 | $113.00 |
| Bernie McTernan | Needham | Maintains | Buy | $133.00 | - |
| Rohit Kulkarni | Roth MKM | Raises | Neutral | $109.00 | $92.00 |
| James Lee | Mizuho | Raises | Buy | $140.00 | $120.00 |
| Brian Pitz | BMO Capital | Announces | Outperform | $120.00 | - |
| John Colantuoni | Jefferies | Raises | Buy | $130.00 | $90.00 |
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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey 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.
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.
Get to Know DoorDash Better
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.
Financial Milestones: DoorDash's Journey
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: DoorDash's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 26.68%. This indicates 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 is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -6.69%, the company may face hurdles in effective cost management.
Return on Equity (ROE): DoorDash's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -2.3%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -1.48%, the company may need to address challenges in generating satisfactory returns from its assets.
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.
The Basics of Analyst Ratings
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.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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