DoorDash (DASH)

• Market cap: $72.5B
• 1 day: 2.12%
• 5 days: 2.85%
• 1 month: -1.42%
• 3 months: 15.24%
• 6 months: 69.14%
• Year to date: 2.24%
• 1 year: 69.58%
• 5 years: -7.93%
• 10 years: -7.93%
• Sector: Industrials
• Industry: Business Services

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

• Low target: $150 14% downside
• Avg. target: $188 8% upside
• High target: $225 29% upside

21 analyst ratings

• positive: 15 71%
• neutral: 6 29%
• negative: 0 0%

Goldman Sachs Eric Sheridan 67% 1-year accuracy 36 / 54 met price target	10% upside $192	Neutral Maintained	16 Jan 2025
Wells Fargo Ken Gawrelski 64% 1-year accuracy 32 / 50 met price target	5% downside $166	Equal-Weight Maintained	16 Jan 2025
Morgan Stanley Brian Nowak 84% 1-year accuracy 27 / 32 met price target	15% upside $200	Overweight Maintained	13 Jan 2025
Keybanc Justin Patterson 57% 1-year accuracy 38 / 67 met price target	29% upside $225	Overweight Maintained	9 Jan 2025
Wolfe Research Shweta Khajuria 47% 1-year accuracy 8 / 17 met price target	26% upside $220	Outperform Maintained	3 Jan 2025