5 Best Stocks To Buy According To Josh Resnick’s Jericho Capital Asset Management

2. DoorDash, Inc. (NYSE:DASH)

Jericho Capital Asset Management’s Stake Value: $279.3 million
Percentage of Jericho Capital Asset Management’s 13F Portfolio: 6.61%
Number of Hedge Fund Holders: 45

One of the largest online food delivery companies in the United States with over 56% market share, DoorDash, Inc. (NYSE:DASH) operates a delivery platform based in San Francisco, California.

On October 18, JMP Securities analyst Andrew Boone raised his price target on DoorDash, Inc. (NYSE:DASH) to $230 from $210, and maintained an Outperform rating on the shares.

Based on the second quarter securities filings of Jericho Capital Asset Management, the fund held over 1.56 million shares of DoorDash, Inc. (NYSE:DASH), worth more than $279.3 million.

Tiger Global Management LLC is the leading shareholder of DoorDash, Inc. (NYSE:DASH), with shares worth $1.9 billion. Overall, 45 hedge funds tracked by Insider Monkey were bullish on DoorDash, Inc. (NYSE:DASH), up from 38 in the previous quarter.