13 High Growth Large Cap Stocks To Invest In

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1. DoorDash, Inc. (NASDAQ:DASH)

Number of Hedge Fund Holders: 88

Average 5-Year Revenue Growth: 79.86%

DoorDash, Inc. (NASDAQ:DASH) ranks 1st on our list of high growth stocks to invest in. The San Francisco-based company offers an online platform connecting businesses, customers, and delivery drivers. It runs both DoorDash and Wolt Marketplaces, handling order fulfillment, payment processing, and customer support. At the end of February 2025, the company agreed to pay nearly $17 million to settle claims that it misled customers and delivery workers by using driver tips to cover wages. New York Attorney General Letitia James said the company used tips meant for drivers between 2017 and 2019 to offset base pay instead of giving them the full amount.

In 2024, DoorDash, Inc. (NASDAQ:DASH)’s revenue jumped 24% year-over-year, and for the first time, the company ended the year with a positive GAAP net income. They also helped local merchants rack up nearly $60 billion in sales across 30+ countries and put over $18 billion into the pockets of Dashers. In Q4 2024, orders went up 19% to 685 million, and revenue climbed 25% to $2.9 billion, with a slight boost in net revenue margin. The biggest win for DASH was turning a $154 million loss in Q4 2023 into a $141 million profit in Q4.

According to Insider Monkey’s fourth quarter database, 88 hedge funds reported owning stakes in DoorDash, Inc. (NASDAQ:DASH), compared to 73 funds in the last quarter. Andreas Halvorsen’s Viking Global was a prominent stakeholder of the company, with nearly 5 million shares worth $830.2 million.

Overall, DoorDash, Inc. (NASDAQ:DASH) ranks first on our list of the best high growth large cap stocks to buy. While we acknowledge the potential of DASH to grow, our conviction lies in the belief that certain 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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