14 High Growth Large Cap Stocks to Buy Right Now

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2. DoorDash, Inc. (NASDAQ:DASH)

M-Cap: $100.8 billion

Number of Hedge Fund Holders: 91

5-year Revenue Growth: ~41.6%

DoorDash, Inc. (NASDAQ:DASH) is one of the High Growth Large Cap Stocks to Buy Right Now. On December 19, Wedbush lifted the price target on the company’s stock to $270 from $260, while keeping an “Outperform” rating. As per the analyst, DoorDash, Inc. (NASDAQ:DASH) happens to be a top mobility pick for next year as it maintains a leading position in the broader US food delivery. At the same time, the company is also successfully expanding into new initiatives.

Furthermore, the firm added that near-term margin pressure due to the increased spending is anticipated. However, such investments are expected to support long-term growth and the global total addressable market.

In a different update, DoorDash, Inc. (NASDAQ:DASH) announced that it is joining hands with OpenAI to bring grocery shopping options directly into ChatGPT. The company added that the new DoorDash app in ChatGPT allows customers to turn recipes into grocery orders delivered from local stores. AI has been unlocking an entirely new search and discovery experience for consumers which is dynamic and personalized.

Elsewhere, Bloomberg reported that DoorDash, Inc. (NASDAQ:DASH) has been experimenting with a standalone AI-powered app for users to locate new restaurants. The new app, Zesty, remains in public testing in San Francisco and New York.

DoorDash, Inc. (NASDAQ:DASH) operates a commerce platform, connecting merchants, consumers, and independent contractors.

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