3 Internet Delivery Stocks to Watch in a Battered Industry

The COVID-19 pandemic-induced travel restrictions and social-distancing measures imposed by governments across the world have been hurting the Zacks Internet - Delivery Services industry. Nonetheless, a recovery is anticipated for companies like GoDaddy GDDY, MakeMyTrip MMYT and QuinStreet QNST, as the countries are slowly reopening their economies and lifting the travel bans. Additionally, a greater internet presence in the emerging markets, a burgeoning affluent middle class and the accelerated uptake of smartphones will aid participants in the Internet – Delivery Services industry. However, elevated marketing expenses due to the planned expansion into new delivery markets will be an overhang on margins in the near term. Moreover, the emergence of the Delta variant strain and spike in the infection rates across several parts of the world, resulting in stringent lockdowns, might affect the recovery of the industry players. Also, lingering impacts of the pandemic-led business volatility are a concern.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
MakeMyTrip Limited (MMYT): Free Stock Analysis Report
 
QuinStreet, Inc. (QNST): Free Stock Analysis Report
 
GoDaddy Inc. (GDDY): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.