DoorDash Inc (NASDAQ: DASH): Analyst View Points To Future Growth

DoorDash Inc (DASH) concluded trading on Thursday at a closing price of $113.77, with 2.85 million shares of worth about $324.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.64% during that period and and on June 13, 2024 the price saw a loss of about -1.11%. Currently the company’s common shares owned by public are about 375.99M shares, out of which, 303.19M shares are available for trading.

Stock saw a price change of -0.26% in past 5 days and over the past one month there was a price change of -0.79%. Year-to-date (YTD), DASH shares are showing a performance of 15.05% which increased to 55.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $69.90 but also hit the highest price of $143.34 during that period. The average intraday trading volume for DoorDash Inc shares is 3.83 million. The stock is currently trading 0.83% above its 20-day simple moving average (SMA20), while that difference is down -6.50% for SMA50 and it goes to 8.07% higher than SMA200.

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DoorDash Inc (NASDAQ: DASH) currently have 375.99M outstanding shares and institutions hold larger chunk of about 64.51% of that.

The stock has a current market capitalization of $46.52B and its 3Y-monthly beta is at 1.69. It has posted earnings per share of -$1.07 in the same period. It has Quick Ratio of 1.62 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DASH, volatility over the week remained 2.76% while standing at 2.78% over the month.

Stock’s fiscal year EPS is expected to rise by 112.48% while it is estimated to increase by 656.59% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Loop Capital on April 19, 2024 offering a Buy rating for the stock and assigned a target price of $170 to it. Coverage by MoffettNathanson stated DoorDash Inc (DASH) stock as a Buy in their note to investors on April 11, 2024, suggesting a price target of $164 for the stock. On April 04, 2024, The Benchmark Company Initiated their recommendations, while on March 15, 2024, Piper Sandler Upgrade their ratings for the stock with a price target of $127. Stock get an Outperform rating from RBC Capital Mkts on March 04, 2024.

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