DoorDash is set to go public on Wednesday. For investors looking to buy it on the market, CNBC's Jim Cramer suggest paying no more than $100 per share. Subscribe to CNBC PRO for access to investor and analyst insights: https://cnb.cx/2Vtntx6

CNBC’s Jim Cramer on Monday gave his recommendation on the looming public debut of DoorDash.

The San Francisco-based food delivery app received praise from Cramer, though he erred on the side of caution as to what price he thinks investors should be willing to pay for it when it begins trading publicly.

“DoorDash is a terrific story, but its business could slow dramatically next year, so I recommend being careful with it,” the “Mad Money” host said. “If you can get it for $100 or less, you’ve got my blessing. Otherwise, sorry, you had to get in on the deal because you can’t chase these.”

In the nine months ended Sept. 30, DoorDash brought in nearly $2 billion in revenue, compared to $587 million in the same window in 2019. The company during that same period recorded a net loss of $149 million, a 72% decline in comparison to the first nine months in 2019. In its November IPO filing, DoorDash indicated that revenue blossomed, leading to its first quarterly profit.

Analytics firm Second Measure estimates that DoorDash and its related businesses had a roughly 50% share of U.S. delivery sales in October, a month in which sales in meal delivery services grew 135%.

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