3 Internet Stocks Poised for Growth in 2023

Internet's Impact on Modern Life

The internet has revolutionized various aspects of our daily lives, from shopping to communication, education, and entertainment. This has fueled the rapid growth of the consumer internet industry, outpacing the S&P 500 by over 50% in the last six months.

Top Picks for Resilient Internet Stocks

Amidst the competitive landscape, investors should prioritize companies with robust fundamentals and strong growth potential. Below are three standout internet stocks that meet these criteria:

1. Uber (UBER)

* Market Cap: $147.4 billion
* Notable Features: Platform of on-demand services (ride-hailing, food delivery, freight)

Key Metrics:

* Monthly Active Platform Consumers: 13.8% annual growth
* Incremental Sales: 132% annual growth in earnings per share
* Free Cash Flow Margin: 19.9 percentage point increase over the last four years

Valuation:

$69.51 per share, trading at 17.6x forward EV-to-EBITDA

2. Lyft (LYFT)

* Market Cap: $5.84 billion
* Notable Features: Ridesharing network operating in the US and Canada

Key Metrics:

* Active Riders: Steady growth, presenting cross-selling opportunities
* Incremental Sales: Annual earnings per share growth of 35.4%
* Free Cash Flow Margin: 26.7 percentage point increase over the last four years

Valuation:

$14.08 per share, trading at 13.6x forward EV-to-EBITDA

3. DoorDash (DASH)

* Market Cap: $81.6 billion
* Notable Features: On-demand food delivery platform

Key Metrics:

* Orders: 23% annual growth
* Incremental Sales: Annual earnings per share growth of 54.2%
* Free Cash Flow Margin: 11.9 percentage point increase over the last four years

Valuation:

$196.29 per share, trading at 35.8x forward EV-to-EBITDA

Disclaimer:

Investing involves risk. Consult with a financial advisor before making any investment decisions.