The bullish initiation from Scotiabank reinforces a strong consensus, but the CFO's $7M sell and 59% short interest suggest caution. Traders should watch for a potential short squeeze if earnings or catalysts confirm the bullish thesis, but avoid chasing into insider selling.
Price Chart
Executive Summary
Scotiabank initiated coverage on DoorDash (DASH) with a Sector Outperform rating and a $275 price target, implying 37% upside from the current $200.44 close. The firm's 56% accuracy on 1,480 calls and average 4.4% return per rating places it in the above-average tier among analysts covering DASH. Consensus is heavily bullish: 42 of 53 analysts rate DASH Buy or Strong Buy (79%), with only 11 Hold and zero Sell ratings. The mean price target is $254.43, median $257.50, with a high of $350 and low of $172. Scotiabank's $275 target sits above the mean but below the median, aligning with the bullish consensus. Momentum is positive — 2 upgrades and 0 downgrades in the past 30 days, and EPS revisions are trending up (26 up vs 2 down for the current quarter, 19 up vs 13 down for the current year). Insider selling by CFO Tang Stanley totaled ~$6.96M on Sept 2, a bearish signal that diverges from the bullish analyst initiation. Institutional activity is mixed: Citadel trimmed 37.3%, while Van Eck doubled its position (+1,484%). Short interest is elevated at 59.3% of float, suggesting potential squeeze risk. Bottom line: Scotiabank's initiation adds to a strong bullish consensus, but insider selling and high short interest warrant caution.
Impact Score
Consensus & Targets
79% Buy/Strong Buy (42 of 53 analysts), 21% Hold (11 analysts), 0% Sell. Consensus is heavily bullish, with no sell-side bearish voices.
Current price: $200.44. Mean target: $254.43 (27% upside). Median: $257.50. High: $350. Low: $172. Scotiabank's $275 target is above the mean and median, indicating above-consensus conviction.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-09-09 | Scotiabank | initiate | Sector Outperform | $275.00 |
| 2026-09-08 | StoneX | reiterate | Buy | $295.00 |
| 2026-09-01 | Rosenblatt | initiate | Buy | $270.00 |
| 2026-08-20 | Wedbush | maintain | Neutral | $220.00 |
| 2026-08-10 | Roth Capital | maintain | Neutral | — |
| 2026-08-07 | Wells Fargo | maintain | Equal-Weight | $225.00 |
| 2026-08-07 | Susquehanna | maintain | Positive | $250.00 |
| 2026-08-06 | Citigroup | maintain | Buy | $255.00 |
| 2026-08-06 | TD Cowen | maintain | Buy | $240.00 |
| 2026-08-06 | UBS | maintain | Neutral | $225.00 |
30-day analyst activity: 2 upgrades, 0 downgrades. EPS revisions are positive: current quarter saw 26 up vs 2 down in the last 30 days; current year saw 19 up vs 13 down. Estimates are being revised higher.
Firm Track Record — Scotiabank
Scotiabank accuracy: 56% on 1480 calls | avg return: 4.4%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Keybanc | 75% | 6/8 | 12.9% | top tier |
| JMP Securities | 69% | 9/13 | 10.3% | top tier |
| Roth MKM | 67% | 2/3 | 9.9% | top tier |
| Loop Capital | 67% | 2/3 | 0.8% | top tier |
| Raymond James | 67% | 2/3 | -0.1% | top tier |
| Citigroup | 67% | 2/3 | 2.6% | top tier |
| Morgan Stanley | 67% | 4/6 | 5.2% | top tier |
| Cantor Fitzgerald | 64% | 7/11 | 13.6% | top tier |
| BMO Capital | 60% | 3/5 | 5.4% | above average |
| DA Davidson | 60% | 3/5 | 13.2% | above average |
Scotiabank has a 56% accuracy rate on 1,480 calls with an average return of 4.4% per rating, placing it in the above-average tier. Top-performing firms on DASH include Keybanc (75% on 8 calls, avg return 12.9%) and JMP Securities (69% on 13 calls, avg return 10.3%). Worst-performing among those tracked is Raymond James (67% on 3 calls, avg return -0.1%).
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $0.82 | $0.57 — $1.07 | $4.6B | ↑2 ↓0 |
| +1q | $0.83 | $0.48 — $1.14 | $4.8B | ↑2 ↓0 |
| 0y | $2.61 | $2.12 — $3.74 | $17.8B | ↑0 ↓0 |
| +1y | $4.47 | $2.99 — $5.97 | $21.5B | ↑1 ↓0 |
Cross-Platform Signals
Insider trades: CFO Tang Stanley sold ~$6.96M worth of shares on Sept 2, a bearish signal that diverges from the bullish analyst initiation. Congressional activity: Rep. Ro Khanna (D-CA) bought $1K-$15K on Aug 10, a minor bullish signal. Institutional changes: Citadel trimmed 37.3%, while Van Eck doubled (+1,484%). Short interest is 59.3% of float, elevated and potentially squeeze-prone. The insider selling and high short interest create a divergence with the bullish analyst consensus.
Investment Themes
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 22d ago | ANALYST-UPGRADE | $197.25 $196.76 | ▼ −0.25% | ▲ +0.41% | $183.35 (−7.04%) |
Sep 9, 2026 23d ago | Insider Cluster | $197.25 $196.76 | ▼ −0.25% | ▲ +0.41% | $183.35 (−7.04%) |
Sep 4, 2026 28d ago | Insider Cluster | $211.73 $203.54 | ▼ −3.87% | ▼ −2.66% | $183.35 (−13.40%) |
Sep 3, 2026 28d ago | Insider Cluster | $211.73 $203.54 | ▼ −3.87% | ▼ −2.66% | $183.35 (−13.40%) |
Sep 1, 2026 4w ago | ANALYST-UPGRADE | $225.66 $197.25 | ▼ −12.59% | ▼ −12.67% | $183.35 (−18.75%) |
Aug 27, 2026 5w ago | Insider Cluster | $231.89 $222.00 | ▼ −4.26% | ▼ −4.53% | $183.35 (−20.93%) |
Aug 26, 2026 5w ago | Insider Cluster | $236.93 $226.24 | ▼ −4.51% | ▼ −4.39% | $183.35 (−22.61%) |
Aug 24, 2026 5w ago | Insider Cluster | $229.06 $231.74 | ▲ +1.17% | ▲ +0.70% | $183.35 (−19.95%) |
Aug 17, 2026 6w ago | Insider Cluster | $216.35 $233.50 | ▲ +7.93% | ▲ +8.13% | $183.35 (−15.25%) |
Aug 10, 2026 7w ago | Insider Cluster | $212.00 $216.35 | ▲ +2.05% | ▲ +2.46% | $183.35 (−13.51%) |
US Market Status
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