What Is the Market Outlook on DASH?

After this morning's -1.5% drop to $97.37 per share, DoorDash might just keep moving past its target price of $99.67. With an average analyst rating of buy, and target prices from $51.0 to $130.0, the stock's next move is anyone's guess.

DoorDash's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.3%. The stock's short ratio is 2.65. The company's insiders own 0.77% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 89.8%. In conclusion, we believe there is mixed market sentiment regarding DoorDash.

Institutions Invested in DoorDash

Date Reported Holder Percentage Shares Value
2023-09-30 Sc Us (ttgp), Ltd. 9% 32,917,775 $3,205,203,842
2023-09-30 Vanguard Group Inc 7% 27,043,520 $2,633,227,616
2023-09-30 Morgan Stanley 7% 26,883,277 $2,617,624,755
2023-09-30 Capital Research Global Investors 5% 20,056,295 $1,952,881,499
2023-09-30 Blackrock Inc. 4% 15,224,080 $1,482,368,711
2023-09-30 Baillie Gifford and Company 3% 12,002,645 $1,168,697,576
2023-09-30 Galileo (ptc) Ltd 3% 11,535,084 $1,123,171,160
2023-09-30 SB Investment Advisers (UK) LTD 3% 10,519,582 $1,024,291,728
2023-09-30 Capital World Investors 3% 9,335,710 $909,018,108
2023-09-30 Sands Capital Management, LLC 2% 8,417,197 $819,582,495
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.