JPMorgan Chase & Co. Boosts DoorDash (NASDAQ:DASH) Price Target to $205.00

DoorDash (NASDAQ:DASH) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $155.00 to $205.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 2.71% from the stock’s previous close.

DASH has been the topic of a number of other research reports. JMP Securities restated a “market outperform” rating and set a $200.00 price target on shares of DoorDash in a report on Thursday, February 6th. KeyCorp boosted their target price on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. BMO Capital Markets upped their target price on DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Bank of America lifted their price target on shares of DoorDash from $172.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Piper Sandler upped their price objective on shares of DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $189.70.

DoorDash Stock Up 3.4 %

Shares of DASH opened at $199.60 on Wednesday. The stock has a market capitalization of $82.91 billion, a P/E ratio of -440.32, a PEG ratio of 2.04 and a beta of 1.72. DoorDash has a twelve month low of $99.32 and a twelve month high of $199.80. The firm has a fifty day simple moving average of $177.52 and a two-hundred day simple moving average of $156.06.

Insider Activity at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the completion of the transaction, the director now owns 18,089 shares in the company, valued at $3,123,427.63. This trade represents a 73.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tony Xu sold 115,432 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $265,515. The trade was a 98.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,040,758 shares of company stock valued at $181,434,201 over the last ninety days. Insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

A number of institutional investors have recently bought and sold shares of DASH. Vanguard Group Inc. raised its position in DoorDash by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock worth $5,254,501,000 after purchasing an additional 317,502 shares during the period. Baillie Gifford & Co. increased its stake in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after buying an additional 1,645,186 shares during the period. State Street Corp lifted its holdings in DoorDash by 3.8% during the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after buying an additional 272,659 shares in the last quarter. Janus Henderson Group PLC boosted its position in DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after buying an additional 700,465 shares during the period. Finally, Geode Capital Management LLC boosted its position in DoorDash by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after buying an additional 267,855 shares during the period. 90.64% of the stock is currently owned by institutional investors.

About DoorDash

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.