13 Best Consumer Discretionary Stocks To Buy Now

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3. DoorDash, Inc. (NYSE:DASH)

Number of Hedge Fund Holders: 81 

DoorDash Inc. (NASDAQ:DASH) ranks among the best consumer discretionary stocks to buy now. On June 12, Citizens JMP maintained its Market Outperform rating on DoorDash Inc. (NASDAQ:DASH), while increasing the price target to $235 from $225.

The increase comes follows DoorDash, Inc. (NYSE:DASH) acquiring Symbiosys, an AI-powered advertising platform, for $175 million and introduced new AI-powered advertising solutions for merchants and brands. Additionally, DoorDash disclosed that its advertising division generated $1 billion in revenue last year, indicating the company’s strategic emphasis on growing this revenue stream.

According to Citizens JMP, DoorDash’s global advertising income in 2024 was over $950 million, reflecting a 1.2% penetration rate, though this remains less than the 2% level attained by rival Uber’s Eats restaurant division.

One of the largest online food delivery companies in the United States, DoorDash, Inc. (NYSE:DASH) operates a delivery platform based in San Francisco, California. Historically, the company has categorized itself into five business segments: platform services, advertising, non-restaurant services, international restaurants, and US restaurants.

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