DoorDash Inc (NASDAQ: DASH): The Stock To Bet On For Economic Progress In The Months Ahead

In today’s recent session, 2.64 million shares of the DoorDash Inc (NASDAQ:DASH) have been traded, and its beta is 1.66. Most recently the company’s share price was $207.57, and it changed around $2.68 or 1.31% from the last close, which brings the market valuation of the company to $87.96B. DASH at last check was trading at a discount to its 52-week high of $215.24, offering almost -3.7% off that amount. The share price’s 52-week low was $99.32, which indicates that the recent value has risen by an impressive 52.15% since then. We note from DoorDash Inc’s average daily trading volume that its 10-day average is 4.3 million shares, with the 3-month average coming to 6.37 million.

DoorDash Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.70. If we narrow it down even further, the data shows that 0 out of 41 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 12 recommended DASH as a Hold, whereas 21 deemed it a Buy, and 0 rated it as Underweight.

DoorDash Inc (NASDAQ:DASH) trade information

Instantly DASH has been showing a green trend so far today with a performance of 1.31% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 210.71 on recent trading dayincreased the stock’s daily price by 1.49%. The company’s shares are currently up 23.74% year-to-date, but still up 1.17% over the last five days. On the other hand, DoorDash Inc (NASDAQ:DASH) is 10.48% up in the 30-day period. We can see from the shorts that 16.57 million shares have been sold at a short interest cover period of 3.79 day(s).

The consensus price target as assigned by Wall Street analysts is $198, which translates to bulls needing to decrease their stock price by -4.83% from its current value. Analyst projections state that DASH is forecast to be at a low of $190 and a high of $220.

DoorDash Inc earnings are expected to increase by 645.39% in 2025, but the outlook is positive 162.09% per year for the next five years.

DASH Dividends

DoorDash Inc’s next quarterly earnings report is expected to be released on 2025-May-05.

DoorDash Inc (NASDAQ:DASH)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.65% of DoorDash Inc shares, and 96.91% of them are in the hands of institutional investors. The stock currently has a share float of 97.55%. DoorDash Inc stock is held by 1259.0 institutions, with SC US (TTGP), LTD. being the largest institutional investor. By 2024-06-30, it held 7.6995% of the shares, which is about 31.61 million shares worth $3.44 billion.

VANGUARD GROUP INC, with 7.4915% or 30.75 million shares worth $3.35 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.

VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and GROWTH FUND OF AMERICA were the top two Mutual Funds as of Dec 31, 2024 . The former held 10.25 shares worth $2.13 billion, making up 2.80% of all outstanding shares. On the other hand, GROWTH FUND OF AMERICA held roughly 9.73 shares worth around $2.02 billion, which represents about 2.66% of the total shares outstanding.

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