5 Tech Stocks to Buy According to Billionaire Philippe Laffont

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1. DoorDash, Inc. (NYSE:DASH)

Coatue Management’s Stake Value: $1.7 billion
Percentage of Coatue Management’s 13F Portfolio: 6.74%
Number of Hedge Fund Holders: 45

DoorDash, Inc. (NYSE:DASH) is an online food ordering and food delivery company based in San Francisco, U.S, and is considered the largest food delivery company in the United States. Ranked first on the list of the 10 tech stocks to buy according to billionaire Phillipe Laffont, DoorDash, Inc. (NYSE:DASH) has a market capitalization of $72.78 billion.

Philippe Laffont’s Coatue Management currently owns 9.65 million shares in DoorDash, Inc. (NYSE:DASH), amounting to $1.7 billion in worth and accounting for 6.47% of the fund’s portfolio. In Q2 2021, 45 hedge funds held stakes in  DoorDash, Inc. (NYSE:DASH), compared with 38 in the previous quarter.

On October 13, BofA analyst Michael McGovern maintained his Buy rating on DoorDash, Inc. (NYSE:DASH), alongside a $255 price target on the company’s shares.

You can also take a peek at Michael Burry Is Selling These 15 Stocks and Warren Buffett Is Selling These 10 Stocks

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