DoorDash (NASDAQ:DASH) Price Target Raised to $235.00 at Oppenheimer

DoorDash (NASDAQ:DASH) had its price objective boosted by Oppenheimer from $180.00 to $235.00 in a report issued on Wednesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on DASH. Cantor Fitzgerald increased their target price on shares of DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday. Benchmark boosted their price objective on DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday. Wolfe Research upped their price objective on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $240.00 price target (up previously from $180.00) on shares of DoorDash in a report on Wednesday. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $202.67.

DoorDash Stock Up 4.0 %

DASH opened at $200.89 on Wednesday. DoorDash has a 12-month low of $99.32 and a 12-month high of $201.17. The firm’s fifty day moving average price is $178.00 and its 200 day moving average price is $156.37.

Insider Transactions at DoorDash

In other news, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the sale, the chief financial officer now owns 366,993 shares in the company, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stanley Tang sold 1,855 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $315,312.90. Following the sale, the director now owns 35,413 shares of the company’s stock, valued at $6,019,501.74. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Asset Management One Co. Ltd. increased its holdings in DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock valued at $16,012,000 after purchasing an additional 10,755 shares in the last quarter. Swedbank AB grew its holdings in shares of DoorDash by 3.3% during the fourth quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after purchasing an additional 5,539 shares during the last quarter. Forsta AP Fonden increased its stake in shares of DoorDash by 18.6% in the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after buying an additional 10,100 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after buying an additional 3,498 shares during the last quarter. Finally, Baillie Gifford & Co. raised its holdings in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.