DoorDash (NASDAQ:DASH) Maintains Outperform Rating and Joins S&P 500

• Evercore ISI maintains an "Outperform" rating for DoorDash (NASDAQ:DASH) with a stock price of $177.21.
• DoorDash is set to join the S&P 500 on March 24, 2025, leading to a 6% increase in stock price during extended trading.
• The current stock price of DASH is $176.92, with a year high of $215.25 and a low of $99.32.

DoorDash (NASDAQ:DASH) is a prominent player in the food delivery industry, offering a platform that connects customers with local restaurants and food establishments. The company competes with other delivery services like Uber Eats and Grubhub. On March 10, 2025, Evercore ISI maintained its "Outperform" rating for DASH, with the stock priced at $177.21. The recommendation was to hold the stock.

The S&P 500 is undergoing a reshuffle, and DoorDash is set to join the index on March 24, 2025. This inclusion is significant as it often leads to increased investor interest and fund inflows. Following the announcement, DoorDash's stock price rose by approximately 6% during extended trading, highlighting the positive market reaction.

Despite the recent price increase, DASH's current stock price is $176.92, reflecting a slight decrease of $1.16 or -0.65%. The stock has experienced fluctuations, with a low of $169.95 and a high of $182.91 today. Over the past year, DASH has seen a high of $215.25 and a low of $99.32, indicating its volatile nature.

DoorDash's market capitalization is approximately $74.32 billion, making it the largest among the new S&P 500 entrants. The trading volume for DASH is 12,051,965 shares on the NASDAQ exchange, suggesting active investor interest. As highlighted by Benzinga, the surge in options activity around DoorDash is noteworthy, reflecting the market's anticipation of its S&P 500 inclusion.