After Friday's 5.4% surge to $92.49 per share, DoorDash might just keep moving past its target price of $94.7. With an average analyst rating of buy, and target prices from $47.0 to $125.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 4.9%, and a short ratio of 5.21. The company's insiders own 0.85% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 89.7% of DoorDash's shares being owned by this investor type.
Institutions Invested in DoorDash
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Sc Us (ttgp), Ltd. | 10% | 34,925,126 | $3,230,224,829 |
| 2023-06-30 | Morgan Stanley | 7% | 27,116,577 | $2,508,012,148 |
| 2023-06-30 | Vanguard Group Inc | 7% | 26,261,659 | $2,428,940,784 |
| 2023-06-30 | Capital Research Global Investors | 5% | 18,244,537 | $1,687,437,188 |
| 2023-06-30 | Blackrock Inc. | 4% | 14,616,356 | $1,351,866,735 |
| 2023-06-30 | Baillie Gifford and Company | 3% | 12,254,555 | $1,133,423,765 |
| 2023-06-30 | SB Investment Advisers (UK) LTD | 3% | 11,943,082 | $1,104,615,628 |
| 2023-06-30 | Galileo (ptc) Ltd | 3% | 11,535,084 | $1,066,879,894 |
| 2023-06-30 | Sands Capital Management, LLC | 2% | 8,650,798 | $800,112,288 |
| 2023-06-30 | Capital World Investors | 2% | 7,994,552 | $739,416,097 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on DoorDash.
