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
|2023-06-30||Sc Us (ttgp), Ltd.||10%||34,925,126||$3,230,224,829|
|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||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.