In the latest quarter, 19 analysts provided ratings for DoorDash DASH, showcasing a mix of bullish and bearish perspectives.
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 | 5 | 7 | 7 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 3 | 5 | 6 | 0 | 0 |
| 2M Ago | 2 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated DoorDash and provided 12-month price targets. The average target is $128.89, accompanied by a high estimate of $152.00 and a low estimate of $100.00. This current average has increased by 14.38% from the previous average price target of $112.69.
Analyzing Analyst Ratings: A Detailed Breakdown
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.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| 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: 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.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of DoorDash's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on DoorDash analyst ratings.
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 2023, the firm generated $66.8 billion in gross order volume (up 25% year over year) and $8.6 billion in revenue (up 31%).
Unraveling the Financial Story of DoorDash
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'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 competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -6.69%, the company may need to address challenges in effective cost control.
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): DoorDash's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -1.48%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: DoorDash's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.08.
The Basics of Analyst Ratings
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.
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.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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