DoorDash

DoorDash (NASDAQ:DASH) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/16/2024 21.03% Truist Securities $130 → $140 Maintains Buy 02/06/2024 12.39% JMP Securities $113 → $130 Maintains Market Outperform 02/06/2024 14.98% Needham → $133 Reiterates Buy → Buy 01/19/2024 -5.77% Roth MKM $92 → $109 Maintains Neutral 01/17/2024 21.03% Mizuho $120 → $140 Maintains Buy 01/09/2024 3.74% BMO Capital → $120 Initiates Coverage On → Outperform 01/08/2024 12.39% Jefferies $90 → $130 Upgrades Hold → Buy 11/16/2023 8.07% Deutsche Bank → $125 Initiates Coverage On → Buy 11/15/2023 -9.22% Needham → $105 Reiterates Buy → Buy 11/03/2023 -2.31% JMP Securities $100 → $113 Maintains Market Outperform 11/03/2023 12.39% Truist Securities $125 → $130 Maintains Buy 11/02/2023 -17.01% JP Morgan $95 → $96 Maintains Neutral 11/02/2023 -55.91% Piper Sandler $47 → $51 Maintains Underweight 11/02/2023 -17.87% Barclays $90 → $95 Maintains Equal-Weight 11/02/2023 […]

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We up our 12-month target $10 to $110, on a P/E of 31x our ’25 EPS view, above peers to reflect financial strength (net cash of $3.9B) and higher growth. We lift our ’24 EPS view to $2.71 from $2.41 and ’25’s to $3.54 from $3.23. Doordash, Inc. (NASDAQ:DASH) posted Q4 adjusted EBITDA of $363M vs. $117M, well above the $356M consensus, on sales growth of 27% that also topped estimates. Growth was driven by a 22% increase in Marketplace GOV and a 23% rise in total orders to 574M. We are encouraged by accelerating growth across nearly all businesses despite macroeconomic uncertainty, highlighting the stickiness of DASH’s ecosystem. We remain optimistic on DASH given high growth potential from DashPass and Wolt+ subscriptions (+18M members in ’23

Goldman Sachs analyst Eric Sheridan maintains DoorDash (NASDAQ:DASH) with a Neutral and raises the price target from $109 to $122.

DoorDash’s (DASH) adjusted EBITDA guidance of $1.5 billion to $1.9 billion for 2024 is viewed positively by market bulls, RBC Capital Markets said in a note Thursday. “We believe bulls view [the guidance] as conservative with upside potential above the high-end,” RBC said. DoorDash said Thursday that its adjusted EBITDA hit an “all-time high” of $363 million in Q4. This exceeded the RBC and Street estimates of $362 million and $355 million, respectively. For 2024, the firm said it raised its gross order value forecast to $77.32 billion from $74.55 billion and adjusted EBITDA to $1.78 billion from $1.44 billion on higher orders. RBC maintained its sector perform rating on DoorDash stock and raised the price target to $130 from $105. DoorDash shares were down 7.5% in recent Friday trading.

JMP Securities analyst Andrew Boone reiterates DoorDash (NASDAQ:DASH) with a Market Outperform and maintains $130 price target.

DoorDash Releases Fourth Quarter and Full Year 2023 Financial Results SAN FRANCISCO–(BUSINESS WIRE)–February 15, 2024– DoorDash, Inc. (NASDAQ: DASH) today announced its financial results for the quarter and fiscal year ended December 31, 2023. In addition to our financial results below, our letter to shareholders is available on the DoorDash investor relations website at Execution and innovation are distinct skills and our team demonstrated an ability to do both at a high level in 2023. Throughout the year, we invested aggressively to improve our offerings and launched new products and features that expanded our potential in local commerce. We are proud that our innovation and investment helped generate nearly $50 billion in sales for local merchants and over $15 billion in earnings for more than 7 million Dashers in 2023. At the same time, we grew Marketplace GOV by 25%(1) year-over-year (Y/Y) in 2023 to $66.8 billion, with improvements to

DoorDash (NASDAQ:DASH) reported quarterly losses of $(0.39) per share which missed the analyst consensus estimate of $(0.18) by 116.67 percent. The company reported quarterly sales of $2.30 billion which beat the analyst consensus estimate of $2.24 billion by 2.67 percent. This is a 26.68 percent increase over sales of $1.82 billion the same period last year.

Doordash Sees Q1 Marketplace GOV $18.5B-$18.9B, Adj. EBITDA $320M-$380M.

DoorDash Reports Q4 Monthly Active Customers at 37 Million Vs Visible Alpha Analyst Consensus of 36.6 Million.

DoorDash Says In Feb. Board Of Directors Authorized The Repurchase Of Up To $1.1B Of Class A Common Stock.

DoorDash (NASDAQ:DASH) reported Q4 loss Thursday of $0.39 per diluted share, narrower than a loss of $1.65 a year earlier. Analysts polled by Capital IQ expected a loss of $0.14. Revenue for the quarter ended Dec. 31 was $2.30 billion, up from $1.82 billion a year earlier. Analysts polled by Capital IQ expected $2.25 billion. Company shares were down more than 6% in after-hours activity.

By Eric J. Savitz DoorDash shares headed lower late Thursday even though the food-delivery company reported better results than expected for the fourth quarter. Investors appear to have been looking for a more decisive increase in the outlook for the first quarter and beyond. In late trading, the stock was down 6.7%, to $117.89. In the December quarter, revenue came in at $2.3 billion, up 23% from a year ago and a little ahead of the Wall Street consensus forecast of $2.25 billion. Adjusted earnings before interest, taxes, depreciation, and amortization was $363 million, slightly above the Street at $356 million. The company lost 39 cents a share in the quarter, while analysts had expected a loss of 16 cents. Gross order volume was $17.6 billion, up 22% from a year ago, and above the consensus call for $17.29 billion among analysts tracked by FactSet. Total orders were 574 million,