5 Best Growth Stocks to Buy and Hold for the Long Term

3. DoorDash, Inc. (NASDAQ:DASH)

DoorDash, Inc. (NASDAQ:DASH) ranks among the best growth stocks to buy and hold for the long term. Following a conference meeting with DoorDash, Inc. (NASDAQ:DASH)’s management, Bernstein SocGen Group reiterated its Outperform rating and $270 price objective for the company on February 27. Analyst Nikhil Devnani joined DoorDash, Inc. (NASDAQ:DASH), VP of Finance and Investor Relations Weston Twigg, at the firm’s TMT conference.

DoorDash, Inc. (NASDAQ:DASH) noted that it continues to operate with a long-term perspective, reinvesting in several opportunities rather than focusing on short-term margins. According to the company, the U.S. Restaurants unit economics growth should decelerate due to efforts made and anticipated reinvestment, in line with its fourth-quarter outlook.

The company also stated that International operations, barring ROO, are likely to become profitable in contributing earnings in the latter part of 2026.

DoorDash, Inc. (NASDAQ:DASH) is a local commerce platform. It operates the DoorDash Marketplace and Wolt Marketplace, which connect merchants, consumers, and independent contractors across more than 30 countries.