DoorDashDASH
About: Founded in 2013 and headquartered in San Francisco, DoorDash is an online delivery demand aggregator. Consumers can use its app to order food items on-demand for delivery or in-store from merchants. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe and Asia. DoorDash creates a marketplace for merchants to establish a presence online, market their offerings, and meet demand through delivery. The firm provides similar service to nonrestaurant businesses, such as grocery, retail, and pet supplies. Dash is also rolling out nascent technology like drone delivery in an effort to continually innovate and provide the best possible service to supply-side and demand-side contingents of its marketplace.
Employees: 19,300
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
53% more first-time investments, than exits
New positions opened: 119 | Existing positions closed: 78
49% more repeat investments, than reductions
Existing positions increased: 302 | Existing positions reduced: 203
44% more call options, than puts
Call options by funds: $1.74B | Put options by funds: $1.21B
32% more funds holding in top 10
Funds holding in top 10: 28 [Q2] → 37 (+9) [Q3]
19% more capital invested
Capital invested by funds: $39.8B [Q2] → $47.2B (+$7.49B) [Q3]
5% more funds holding
Funds holding: 650 [Q2] → 683 (+33) [Q3]
9.43% less ownership
Funds ownership: 95.76% [Q2] → 86.33% (-9.43%) [Q3]
Research analyst outlook
21 Wall Street Analysts provided 1 year price targets over the past 3 months
21 analyst ratings
Keybanc Justin Patterson 57% 1-year accuracy 39 / 69 met price target | 32%upside $225 | Overweight Maintained | 9 Jan 2025 |
Wolfe Research Shweta Khajuria 47% 1-year accuracy 8 / 17 met price target | 29%upside $220 | Outperform Maintained | 3 Jan 2025 |
JMP Securities Andrew Boone 74% 1-year accuracy 70 / 95 met price target | 18%upside $200 | Market Outperform Reiterated | 2 Jan 2025 |
Truist Securities Youssef Squali 61% 1-year accuracy 49 / 80 met price target | 28%upside $217 | Buy Maintained | 17 Dec 2024 |
RBC Capital Brad Erickson 70% 1-year accuracy 45 / 64 met price target | 26%upside $215 | Outperform Maintained | 6 Dec 2024 |
Financial journalist opinion
Based on 12 articles about DASH published over the past 30 days