DoorDash, Inc. (DASH): "The Multiple's Too High," Says Jim Cramer

We recently published 11 Fresh Stocks Jim Cramer Talked About While Discussing AI-Led “American Renaissance”. DoorDash, Inc. (NASDAQ:DASH) is one of the stocks Jim Cramer recently discussed.

DoorDash, Inc. (NASDAQ:DASH) is a well-known food delivery company. The shares are up by a strong 38% year-to-date as the firm has benefited from strong earnings performance and analyst sentiment. DoorDash, Inc. (NASDAQ:DASH)’s fourth quarter earnings saw the firm beat analyst revenue estimates. However, the firm’s first quarter revenue of $3.03 billion, which missed analyst estimates of $3.09 billion, led to its shares falling by 13.8%. Cramer believes that the stock might be overvalued:

“DoorDash is the multiple’s too high. Come on. . .”

Previously, the CNBC TV host discussed DoorDash, Inc. (NASDAQ:DASH)’s advertising potential:

“DoorDash, up as usual 2%… Unlike most of the people around here, the older people I talk to, I pass no judgment about these people. You know why? Because they are buying very good companies… These are top-notch businesses that might have gigantic earnings power someday. You want to get in front of DoorDash, which may turn out to be an advertising powerhouse.”

While we acknowledge the potential of DASH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.