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3 Internet Delivery Stocks to Watch in a Battered Industry

The Zacks Internet - Delivery Services industry players like GoDaddy, MakeMyTrip and QuinStreet are poised to benefit from the reopening of economies,...

This story originally appeared on Zacks

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.

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MakeMyTrip Limited (MMYT): Free Stock Analysis Report


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GoDaddy Inc. (GDDY): Free Stock Analysis Report


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