Goldman slashes price target on DoorDash Inc. [DASH] – find out why.

DoorDash Inc. [NYSE: DASH] jumped around 1.19 points on Tuesday, while shares priced at $46.90 at the close of the session, up 2.60%. The company report on October 17, 2022 that DoorDash Launches New Ad Solution, Levelling the Playing Field for Merchants of All Sizes.

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DoorDash is giving restaurants more tools to get in front of their next customer.

Today, DoorDash announced the launch of new advertising solutions for merchants including the launch of self-serve Sponsored Listings, which will allow restaurants and brands of all sizes, from local merchants to global brands, to reach new customers and grow their business on the DoorDash Marketplace.

DoorDash Inc. stock is now -68.50% down from its year-to-date (YTD) trading value. DASH Stock saw the intraday high of $48.76 and lowest of $45.855 per share. The company’s 52-week high price is 257.25, which means current price is +12.28% above from all time high which was touched on 01/12/22.

Compared to the average trading volume of 5.59M shares, DASH reached a trading volume of 4271958 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about DoorDash Inc. [DASH]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DASH shares is $105.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DASH stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for DoorDash Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 21, 2022. While these analysts kept the previous recommendation, Raymond James raised their target price to Mkt Perform. The new note on the price target was released on June 06, 2022, representing the official price target for DoorDash Inc. stock. Previously, the target price had yet another raise to $90, while Bernstein analysts kept a Outperform rating on DASH stock.

The Average True Range (ATR) for DoorDash Inc. is set at 3.60, with the Price to Sales ratio for DASH stock in the period of the last 12 months amounting to 3.42. The Price to Book ratio for the last quarter was 2.30, with the Price to Cash per share for the same quarter was set at 9.72. Price to Free Cash Flow for DASH in the course of the last twelve months was 69.95 with Quick ratio for the last quarter at 2.40.

How has DASH stock performed recently?

DoorDash Inc. [DASH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.57. With this latest performance, DASH shares dropped by -20.35% in over the last four-week period, additionally sinking by -55.97% over the last 6 months – not to mention a drop of -78.22% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DASH stock in for the last two-week period is set at 39.29, with the RSI for the last a single of trading hit 41.73, and the three-weeks RSI is set at 39.04 for DoorDash Inc. [DASH]. The present Moving Average for the last 50 days of trading for this stock 58.97, while it was recorded at 45.66 for the last single week of trading, and 82.43 for the last 200 days.

DoorDash Inc. [DASH]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and DoorDash Inc. [DASH] shares currently have an operating margin of -9.02 and a Gross Margin at +48.98. DoorDash Inc.’s Net Margin is presently recorded at -9.57.

Return on Equity for this stock declined to -9.99, with Return on Assets sitting at -7.11.

DoorDash Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.40.

Insider trade positions for DoorDash Inc. [DASH]

There are presently around $13,312 million, or 87.40% of DASH stock, in the hands of institutional investors. The top three institutional holders of DASH stocks are: SC US (TTGP), LTD. with ownership of 35,855,453, which is approximately 0% of the company’s market cap and around 0.50% of the total institutional ownership; SB INVESTMENT ADVISERS (UK) LTD, holding 32,260,726 shares of the stock with an approximate value of $1.51 billion in DASH stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.22 billion in DASH stock with ownership of nearly 3.976% of the company’s market capitalization.

Positions in DoorDash Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 278 institutional holders increased their position in DoorDash Inc. [NYSE:DASH] by around 43,128,214 shares. Additionally, 146 investors decreased positions by around 28,997,536 shares, while 46 investors held positions by with 211,704,562 shares. The mentioned changes placed institutional holdings at 283,830,312 shares, according to the latest SEC report filing. DASH stock had 86 new institutional investments in for a total of 7,961,624 shares, while 76 institutional investors sold positions of 9,144,458 shares during the same period.


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