What are analysts forecasts for DoorDash stock The 77 analysts offering price. This suggests a possible upside of 4.4 from the stock's current price. According to the current price, DoorDash is 84.49 away from the 52-week high. On average, they expect the company's share price to reach 87.73 in the next twelve months. Their DASH share price forecasts range from 40.00 to 125.00. The stock was sold at an average price of 75.99, for a total transaction of 269,004.60. Firstly, there are concerns that the U.S. Uber/Lyft is trading far below their IPO price/ DASH is hanging on its IPO but the price is likely to get chop in half from here. On Monday, August 21st, Stanley Tang sold 3,540 shares of DoorDash stock. While the quarter was solid on the sales growth front, with progress on margins, the firm's heavy investments caused the firm to report a larger loss than expected. 20 equities research analysts have issued 12 month price targets for DoorDash's shares. We have reduced our price estimate for DASH stock to about 60 per share, from a previous estimate of 100 per share, due to a couple of factors. DoorDash did a lot of things right to spark a 25% pop in total gross order volume year over year. DoorDash Reports Solid Quarter Shares Sink AnywayĭoorDash just came off a decent result, yet not decent enough to help the stock resist the downward pressure applied by broader markets. Moreover, the firm has many growth levers it can pull as it looks to become even more dominant. Now offering pickup & no-contact delivery. Positive dynamics for DoorDash shares will prevail with possible volatility of 2.224. Breakfast, lunch, dinner and more, delivered safely to your door. Forecast target price for 09-10-2023: 81.92. While I'm no fan of the fallen pandemic beneficiaries, I like DoorDash, as management continues leveraging its strong network effect. Delivery & takeout from the best local restaurants. Continued strength in numbers suggests the lockdown-era usage of DoorDash has led to a habit that'll outlast the pandemic. Wall Street analysts are staying bullish on the stock, and I think they'll be proven right over the longer run.ĭoorDash isn't just a pandemic one-hit-wonder.
Though higher rates will likely continue to dictate the trajectory of most stocks, I do view DoorDash as one of the fallen high-multiple tech plays that's worth a second look. DoorDash Inc ESG Risk Ratings Average Volume (3 months), 71.66M Market Cap, 29.69B P/E Ratio, -100.00K Shares Outstanding, 388.56M Revenue.
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