Analyst Says DoorDash (DASH) ‘Number One’ Consumer Discretionary Stock – Here’s Why

We recently published 10 Trending Stocks to Watch As AI Bubble Warnings Heat Up. DoorDash Inc (NASDAQ:DASH) is one of the trending stocks.

Joseph Terranova, Senior Managing Director, Virtus Investment Partners, said in a latest program on CNBC that DASH is his top consumer discretionary holding. Here is how the analyst made the case for the stock:

“Number one consumer discretionary holding that we have strongly correlated to what we’ve seen in the growth of Uber. They have dominant market share. It’s interesting. You know, my son’s up in Danbury, Connecticut playing hockey. He needed a vacuum last night. DoorDash Inc (NASDAQ:DASH) within 45 minutes.”

Photo by Jon Tyson on Unsplash

Sands Capital Technology Innovators Fund stated the following regarding DoorDash, Inc. (NASDAQ:DASH) in its Q1 2025 investor letter:

“DoorDash, Inc. (NASDAQ:DASH) is the leading food delivery platform in the United States by market share. The business exceeded investor expectations in its most recently reported quarter, demonstrating continued strong execution. Orders grew 19 percent year-over-year, supported by 14 percent growth in monthly active users, while adjusted EBITDA rose 56 percent. First-quarter 2025 guidance was better than consensus expected, calling for 20 percent gross order volume growth. Our investment case continues to play out, and we continue to believe that consensus underestimates DoorDash’s longer-term earnings power.”

While we acknowledge the risk and potential of DASH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DASH and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.