Across the recent three months, 27 analysts have shared their insights on DoorDash DASH, expressing a variety of opinions spanning from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 9 | 10 | 8 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 4 | 0 | 1 | 0 | 0 |
| 2M Ago | 2 | 3 | 1 | 0 | 0 |
| 3M Ago | 3 | 6 | 6 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $141.41, a high estimate of $175.00, and a low estimate of $100.00. This current average reflects an increase of 18.96% from the previous average price target of $118.87.
Exploring Analyst Ratings: An In-Depth Overview
A clear picture of DoorDash's perception among financial experts is painted 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 |
|---|---|---|---|---|---|
| Jason Helfstein | Oppenheimer | Raises | Outperform | $150.00 | $140.00 |
| Rob Sanderson | Loop Capital | Announces | Buy | $170.00 | - |
| Lee Horowitz | Deutsche Bank | Raises | Buy | $155.00 | $140.00 |
| Michael Morton | MoffettNathanson | Raises | Buy | $164.00 | $118.00 |
| Ken Gawrelski | Wells Fargo | Raises | Equal-Weight | $125.00 | $100.00 |
| 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 | - |
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.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of DoorDash's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on DoorDash analyst ratings.
All You Need to Know 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 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: Delving into Financials
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, DoorDash showcased positive performance, achieving a revenue growth rate of 26.68% as of 31 December, 2023. 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 falls below industry averages, indicating challenges in achieving 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 standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -2.3%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): DoorDash's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -1.48%, the company may face hurdles in generating optimal 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.
Analyst Ratings: What Are They?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
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.
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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