DoorDash, Inc. (DASH) Stock Price, Quote & News - Stock Analysis (2024)

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DoorDash, Inc. (DASH) Stock Price, Quote & News - Stock Analysis? ›

DoorDash has a consensus rating of Moderate Buy which is based on 19 buy ratings, 10 hold ratings and 0 sell ratings.

DoorDash has a consensus rating of Moderate Buy which is based on 19 buy ratings, 10 hold ratings and 0 sell ratings.

On average, Wall Street analysts predict that Doordash's share price could reach $142.75 by Sep 5, 2025. The average Doordash stock price prediction forecasts a potential upside of 8.68% from the current DASH share price of $131.35. What is DASH's Earnings Per Share (EPS) forecast for 2024-2026?

The intrinsic value of one DASH stock under the Base Case scenario is 50.74 USD. Compared to the current market price of 123.56 USD, DoorDash Inc is Overvalued by 59%.

DoorDash is bordering on breakeven, according to the 36 American Hospitality analysts. They expect the company to post a final loss in 2024, before turning a profit of US$391m in 2025. The company is therefore projected to breakeven just over a year from now.

From its impressive audience segmentation to its invaluable brand insights app Drive, DoorDash has been efficiently making its way to the top for the past few years. And with its impressive handling of the global pandemic in 2020, it's clear that DoorDash's success will only continue.

But things have improved over the past year. In 2023, while revenue grew 31% from the year before, operating expenses increased just 20%. Analysts now expect the company to finally turn a profit in the third quarter this year.

We note that hedge funds don't have a meaningful investment in DoorDash. Looking at our data, we can see that the largest shareholder is Sequoia Capital Operations LLC with 7.8% of shares outstanding.

Stock Price Forecast

The 29 analysts with 12-month price forecasts for DoorDash stock have an average target of 137.28, with a low estimate of 51 and a high estimate of 170. The average target predicts an increase of 4.51% from the current stock price of 131.35.

Why is DoorDash stock falling? ›

The decline in investor confidence stems from the company's reported first-quarter net loss of $25 million. While an improvement over net losses of $162 million, or $0.06 per share, in Q1 2023, it exceeded analyst expectations of $0.03 per share.

An Intrinsic Calculation For DoorDash, Inc. (NASDAQ:DASH) Suggests It's 43% Undervalued.

DoorDash is building infrastructure for local commerce, enabling merchants to thrive in the convenience economy, giving consumers access to more of their communities, and providing work that empowers.

DoorDash stock has received a consensus rating of buy. The average rating score is and is based on 51 buy ratings, 35 hold ratings, and 4 sell ratings.

DoorDash delivered 574 million total orders in the fourth quarter of 2023, an increase of 23% over the previous year, the company reported Thursday.

Dash Overview

Our most recent Dash price forecast indicates that its value will increase by 4.73% and reach $25.26 by September 15, 2024. Our technical indicators signal about the Bearish Bullish 10% market sentiment on Dash, while the Fear & Greed Index is displaying a score of 32 (Fear).

DoorDash has blown up in recent years, and it's still profitable in 2024. But if you just follow the official advice, you might end up working for less than minimum wage. Let's not do that. You can get a great hourly wage by dashing — around $20 per hour.

DoorDash dominates the online food delivery market in the U.S. with a 66% market share and is present in 25 other countries. The company's financial performance aligns with its business strength, with potential for international expansion and a 12% CAGR projected for the industry.

As a general rule, the peak hours for DoorDash are generally the lunch and dinner times with the weekends being a bit more extended on those peak hours. The weekday lunch hours are from 10:30 a.m.-1:30 p.m., weekday dinner being 4:30 p.m. to 8:30 p.m. in my market. With the weekends being a bit less restrictive.

Under the new model, DoorDash is paying more and Dashers are earning more. We're pleased to report that Dashers are earning more money on average under our new model.