Jim Cramer’s 19 Stock Q1 Recap: S&P 500 Winners vs. Nasdaq 100’s Worst Performers

16. DoorDash, Inc. (NASDAQ:DASH)

DoorDash, Inc. (NASDAQ:DASH) is among the stocks in focus as Jim Cramer reviewed the S&P 500’s top performers and the Nasdaq 100’s biggest laggards for the first quarter. Cramer was bullish on the stock during the episode, as he remarked:

Number seven, odd, one, DoorDash, down nearly 34% in the first quarter. That’s right, DoorDash. AI displacement bears have been coming for all the sorts of online marketplace stocks. Why? A company like DoorDash is all about network effects, but the AI doomers say these network effects go away once all information is available to everyone via AI platforms. I don’t buy that. Once the user base is there, I’d think it’s very hard for these marketplaces to be toppled, and DoorDash is now the cheapest it’s ever been. I like it. I think the stock of DoorDash can be bought here.

DoorDash, Inc. (NASDAQ:DASH) runs a commerce platform that connects merchants, consumers, and delivery partners. The company provides delivery, payment, and marketing solutions, along with subscription and white-label services for businesses. Cramer called the stock a “relative bargain” during the episode aired on October 7, 2025. He stated:

DoorDash’s ad revenue now exceeds $1 billion on an annualized basis. That’s real money. You know what? I think it’s a principal reason why the stock’s been so robust… So, where do I come down on the stock here? Well, surprisingly, even though DoorDash is already up almost 65% for the year, the stock’s still relatively inexpensive, at least compared to its growth rate. Right now, DoorDash sells at roughly 43 times next year’s earnings estimates, I know, not that cheap.

But when you consider… this company, with nearly 30% earnings growth expected next year, that price to future earnings multiple looks very reasonable. It’s one of the reasons why I include it… Let me give you the bottom line: Yes, consumers are desperate for value, but that doesn’t necessarily mean low price. Sometimes it means paying up for a service simply because it’s a relative bargain. DoorDash is a relative bargain. The convenience of delivery service is worth a lot more to people than the cost, which is why the stock’s been on fire, and why I’m betting that it’s not done going higher.

It is worth noting that since the above comment was aired, the company’s share price has declined by nearly 46%.