12 High Growth Low Debt Stocks to Invest in Now

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1. DoorDash Inc. (NASDAQ:DASH)

EPS Growth Rate (Next 5 Years): 168.85%

DoorDash Inc. (NASDAQ:DASH) is a leading local commerce platform that connects merchants with consumers through its DoorDash Marketplace and Wolt Marketplace.

DoorDash Inc. (NASDAQ:DASH) has expanded its non-restaurant retail offerings through a new partnership with The Home Depot. This has enabled on-demand delivery of home improvement essentials from over 2,000 locations nationwide. The collaboration enhances DoorDash’s growing presence in the retail sector, allowing DIY enthusiasts and professionals to receive tools and supplies in as little as an hour. With more than 115,000 non-restaurant stores now in its marketplace, DoorDash continues to diversify its platform beyond food delivery.

For Q4 2024, DoorDash Inc. (NASDAQ:DASH) had a revenue growth of 25% YoY to $2.9 billion, driven by a 19% increase in total orders to 685 million and a 21% rise in Marketplace GOV to $21.3 billion. The company achieved GAAP net income of $141 million, a turnaround from a $154 million loss in Q4 2023, while Adjusted EBITDA surged 56% YoY to $566 million. Operating cash flow reached $518 million, contributing to $420 million in free cash flow for the quarter.

Overall, DoorDash Inc. (NASDAQ:DASH) ranks first on our list of the 12 High Growth Low Debt Stocks to Invest in Now. While we acknowledge the potential for 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 but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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