Jim Cramer’s ‘Ignore the Chatter’ Guide: 10 Stocks to Buy Today

5. DoorDash, Inc. (NASDAQ:DASH)

Number of Hedge Fund Investors: 76

DoorDash, Inc. (NASDAQ:DASH) posted better-than-expected numbers across key metrics, including total orders, gross order volume, revenue, and contribution profit. Revenue for Q2 2024 stood at $2.63 billion, surpassing analyst expectations by $91.99 million.

Consumers are willing to spend regularly on food delivery – as Jim Cramer put it, “many people got so used to the convenience of these delivery apps during the pandemic that they’re now seen as a necessity.”

In early August, Oppenheimer analyst Jason Helfstein maintained a “Buy” rating on DoorDash, Inc. (NASDAQ:DASH) stock with a price target of $145.