5 Best Gig Economy Stocks To Buy Now

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In this article, we discuss 5 best gig economy stocks to buy now. If you want to read about some more gig economy stocks, go directly to 10 Best Gig Economy Stocks To Buy Now.

5. DoorDash, Inc. (NYSE:DASH)

Number of Hedge Fund Holders: 31    

DoorDash, Inc. (NYSE:DASH) operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It is one of the best gig economy stocks to invest in. On September 27, the company announced that it had partnered with JP Morgan and Mastercard to roll out a credit card that will allow cardholders to earn rewards on and off the DoorDash platform. The firm has also recently partnered with Cobalt robotics to use AI robots to create smarter workplaces for employees.

On August 23, Wolfe Research analyst Deepak Mathivanan reiterated an Outperform rating on DoorDash, Inc. (NYSE:DASH) stock with a $110 price target, noting that the company’s significant profitability growth was masked by investments in long-term growth initiatives. 

Among the hedge funds being tracked by Insider Monkey, Beijing-based investment firm Hillhouse Capital Management is a leading shareholder in DoorDash, Inc. (NYSE:DASH), with 4.7 million shares worth more than $301 million. 

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