Jim Cramer Nailed These 12 Stock Predictions

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4. DoorDash, Inc. (NASDAQ:DASH)

Number of Hedge Fund Holders: 88

Cramer was asked about DoorDash, Inc. (NASDAQ:DASH) at a time when competition from Uber and Instacart was increasing. He stood by CEO Tony Xu and remained bullish on the company’s direction.

“Okay, well look—it’s an expensive stock, but I believe in Tony Xu. I have believed in Tony Xu when it was private and when I owned restaurants, and I think he’s doing a terrific job. I actually liked the quarter. I think people were way too quick to say it wasn’t great. They, I think, will be judged harshly.”

Cramer backed the CEO and got it right as the stock surged 53.16% since then.

DoorDash, Inc. (NASDAQ:DASH) is the largest food delivery platform in the U.S., expanding into convenience and grocery delivery as it competes with Uber Eats and Instacart. Here’s what Cramer said about the stock ahead of its earnings this May:

“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.”

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