5. DoorDash Inc. (NASDAQ:DASH)
Number of Hedge Fund Holdings: 91
DoorDash Inc. (NASDAQ:DASH) is an online marketplace and food delivery services provider. Its shares are down by 15% over the past year and by 24.5% year-to-date. Citi discussed the firm on February 20th as it trimmed the share price target to $280 from $283 and kept a Buy rating on the shares. The update came after DoorDash Inc. (NASDAQ:DASH) had reported its fourth quarter earnings report that saw the firm’s revenue, profit, and earnings grow by 37%, 51%, and 45%. Citi remarked that the company was set up to sustain the momentum it had exhibited in the fourth quarter for the rest of the year. Ahead of the earnings, UBS had also discussed DoorDash Inc. (NASDAQ:DASH). It raised the share price target to $245 from $241 and kept a Neutral rating on the stock. Cramer called the results “powerful” in a tweet, and in this appearance, he discussed DoorDash Inc. (NASDAQ:DASH) and its management in detail:
“Do you know who Jackson Lamb is? Where does Jackson Lamb like to order from?. . . Deliveroo! It turns out that if you listen to the DoorDash call, the stock was down about 12 dollars, 13. Then they’re selling into this big u-turn, suddenly up 11:15, big u turn!
“But I’m just saying, I was going to get the idea that this was a division that everyone was worried about. . . this was a major turnabout. Now Tony Xu’s, the marketplace numbers just increased the whole quarter. Also, learning lesson to people. Listen to the conference call. The actual release they put out was non promotional. When they got to the conference call, they told you about the cadence, the cadence was really good. The stock is very inexpensive now, I think, versus its growth rate. . .and the fact that it turned around Deliveroo just says to me, they’re unstoppable. Global. It’s a great company, and they’re the winner in the space. . .this might be their fulcrum quarter. . .it’s been down, down, down. And I think they have a terrific model and Tony’s great and I’d buy the stock.”
Sands Capital Select Growth Strategy also discussed DoorDash, Inc. (NASDAQ:DASH) in its third quarter 2025 investor letter:
“Business: DoorDash, Inc. (NASDAQ:DASH) is the leading food-delivery platform in the United States, based on market share.
Key issues: Board structure or composition and executive compensation. DoorDash operates an online platform that enables consumers to order food and other goods for pickup or delivery.
The business is well positioned to capture a sizable share of a large and growing total addressable market. As the company nears its fifth anniversary as a public company, we believe it has an opportunity to modernize elements of its governance framework to reflect its scale and maturity.
Earlier this year, we contacted DoorDash representatives to discuss board structure and executive compensation. These discussions build on prior governance engagements and reflect our ongoing efforts to promote stronger alignment between management, the board, and long-term shareholders…” (Click here to read the full text)”
