21 Stocks on Jim Cramer’s Radar

13. DoorDash, Inc. (NASDAQ:DASH)

Number of Hedge Fund Holders: 88

As DoorDash, Inc. (NASDAQ:DASH) is set to report its first quarter earnings report on May 6, Cramer commented:

“After the close, we got a couple of companies that have caught the fancy of younger viewers, DoorDash and Dutch Bros. I expect both to have very strong quarters that can send their stocks higher.”

DoorDash (NASDAQ:DASH) runs a global platform that links merchants, consumers, and independent contractors. The company provides services like order fulfillment, payment processing, and customer support. It has also expanded into grocery and retail markets. Artisan Partners stated the following regarding the company in its Q1 2025 investor letter:

“Notable adds in the quarter included DoorDash, Inc. (NASDAQ:DASH), CCC Intelligent Solutions and Bright Horizons. DoorDash is a technology-driven marketplace that enables couriers (Dashers) to deliver restaurant and other local orders on-demand to consumers. The company is a market leader in restaurant delivery, a business that continues to gain US market share (with healthy margins) and grow internationally. At the same time, the company is investing heavily into new business lines such as grocery delivery, which is a largely untapped market due to inventory management challenges (in-person grocery shopping involves a high degree of product substitution). This business unit has been losing money. However, the company believes it has a competitive cost advantage given its existing Dasher network, and continued growth should lead to profitability—something it is not getting credit for by the market. Recent earnings results displayed solid execution within its food delivery business, where it continues to demonstrate market share gains while generating impressive margins.”