Wedbush has revised its price target for DoorDash (DASH, Financial), bringing it down to $190 from an earlier target of $210. The investment firm maintains a Neutral rating for DoorDash shares in light of its recent assessment of the internet sector, specifically as a preview for the upcoming first quarter results.
This adjustment is influenced by several macroeconomic factors that introduce significant uncertainty into the market. The analyst highlights the ongoing concerns regarding potential tariff impacts and waning consumer confidence both domestically in the U.S. and internationally.
Wedbush has broadly lowered its 2025 estimates and price targets across the board, citing the limited visibility into the current economic conditions. This move reflects apprehensions about the possible repercussions of a weakening demand environment.
The firm is eager to receive insights from management teams in the coming weeks, hoping to gain clearer perspectives amidst what they describe as an ongoing "dense fog" of economic uncertainty.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 39 analysts, the average target price for DoorDash Inc (DASH, Financial) is $218.75 with a high estimate of $246.00 and a low estimate of $150.00. The average target implies an upside of 20.29% from the current price of $181.85. More detailed estimate data can be found on the DoorDash Inc (DASH) Forecast page.
Based on the consensus recommendation from 45 brokerage firms, DoorDash Inc's (DASH, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for DoorDash Inc (DASH, Financial) in one year is $132.36, suggesting a downside of 27.21% from the current price of $181.85. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the DoorDash Inc (DASH) Summary page.
