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DoorDash (DASH) Receives a Hold from Wells Fargo

Tipranks - Tipranks - Tue Jul 7, 5:26AM CDT

In a report released yesterday, Ken Gawrelski from Wells Fargo maintained a Hold rating on DoorDash, with a price target of $199.00.

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According to TipRanks, Gawrelski is a 4-star analyst with an average return of 4.8% and a 50.25% success rate. Gawrelski covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Airbnb, and Booking Holdings.

Currently, the analyst consensus on DoorDash is a Strong Buy with an average price target of $240.56.

See the top stocks recommended by analysts >>

Based on DoorDash’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.04 billion and a net profit of $183 million. In comparison, last year the company earned a revenue of $3.03 billion and had a net profit of $193 million

Based on the recent corporate insider activity of 176 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DASH in relation to earlier this year. Last month, Ashley Still, a Director at DASH sold 1,164.00 shares for a total of $178,767.12.

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