In a report released today, Nikhil Devnani from Bernstein maintained a Buy rating on DoorDash (DASH – Research Report), with a price target of $125.00. The company’s shares closed yesterday at $128.11.
According to TipRanks, Devnani is a 4-star analyst with an average return of 28.9% and a 65.52% success rate. Devnani covers the Consumer Cyclical sector, focusing on stocks such as Etsy, Maplebear, and eBay.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DoorDash with a $139.54 average price target, which is an 8.92% upside from current levels. In a report released on April 24, Jefferies also maintained a Buy rating on the stock with a $151.00 price target.
The company has a one-year high of $143.34 and a one-year low of $56.59. Currently, DoorDash has an average volume of 3.65M.
Based on the recent corporate insider activity of 158 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DASH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
DoorDash (DASH) Company Description:
Founded in 2013, DoorDash Inc is a California-based company which provides on-demand food delivery services in the United States, Canada, and Australia through its local logistics platform.
Read More on DASH:
- DoorDash, Walgreens Boots Alliance announce collaboration to offer SNAP/EBT
- DoorDash price target raised to $151 from $140 at Jefferies
- DoorDash Welcomes Jeffrey Blackburn to Board of Directors
- Netflix upgraded and downgraded: Wall Street’s top analyst calls
- Loop Capital starts DoorDash at Buy, sees premium justified by higher growth
