Ride Sharing and Food Delivery Stocks List Ranked by Hedge Fund Sentiment

2. DoorDash, Inc. (NASDAQ:DASH)

Number of Hedge Fund Holders: 88

DoorDash, Inc. (NASDAQ:DASH) designs, develops, and operates a food delivery and logistics platform, serving customers in the US, Canada, and Australia. Its primary offerings include the DoorDash Marketplace and the Wolt Marketplace, collectively known as the Marketplaces, and its Commerce Platform.

The company recently announced the expansion of its existing partnership with Coco Robotics, a food delivery robotics company. The collaboration would allow DoorDash, Inc. (NASDAQ:DASH) to offer sidewalk robot delivery in a limited number of American cities. Senior Director of DoorDash Labs Harrison Shih said that the future of delivery will be multimodal, which is why the company is complementing the Dasher network and enhancing the delivery experience for its customers through such strategic initiatives.

DoorDash, Inc. (NASDAQ:DASH) also entered into a national collaboration with Giant Tiger Stores, which launched on-demand delivery under this partnership to expedite the delivery process. This deal invoked positive sentiments from investors and analysts, ranking the company as one of the best food delivery stocks. On April 16, Bank of America Securities analyst Mike McGovern maintained a Buy rating on the company.