Analyst Recommendation for DASH Stock at $113.88

This evening we watched DoorDash rise 3.3% to a price of $113.88 per share. The Large-Cap Business Services company is now trading -16.28% below its average target price of $136.02. Analysts have set target prices ranging from $109.0 to $170.0 per share for DoorDash, and have given the stock an average rating of buy.

The stock has an average amount of shares sold short at 3.9%, and a short ratio of 2.99. The company's insiders own 0.69% 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 90.6% of DoorDash's shares being owned by this investor type.

Institutions Invested in DoorDash

Date Reported Holder Percentage Shares Value
2024-03-31 Sc Us (ttgp), Ltd. 9% 31,656,849 $3,605,081,877
2024-03-31 Vanguard Group Inc 7% 26,931,623 $3,066,973,153
2024-03-31 Morgan Stanley 7% 26,295,159 $2,994,492,634
2024-03-31 Blackrock Inc. 5% 16,994,644 $1,935,350,012
2024-03-31 Capital Research Global Investors 4% 14,987,796 $1,706,810,167
2024-03-31 JP Morgan Chase & Company 4% 12,868,757 $1,465,494,011
2024-03-31 Baillie Gifford and Company 3% 12,403,247 $1,412,481,734
2024-03-31 Capital World Investors 3% 9,470,247 $1,078,471,702
2024-03-31 Newlands Management Operations LLC 2% 7,050,680 $802,931,419
2024-03-31 Sands Capital Management, LLC 2% 6,826,736 $777,428,676

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on DoorDash.

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.