By breaking down physical barriers, consumer internet businesses are reshaping how people shop, connect, learn, and play. These themes have enabled rapid growth for the industry, which has posted a 50.4% gain over the past six months compared to 16.9% for the S&P 500.

Nevertheless, investors should tread carefully as many internet companies pursue winner-take-all strategies, meaning losses can be hefty if their playbooks don’t pan out. Taking that into account, here are three resilient internet stocks at the top of our wish list.

Uber (UBER)

Market Cap: $147.4 billion

Notoriously funded with $7.7 billion from the Softbank Vision Fund, Uber (NYSE: UBER) operates a platform of on-demand services such as ride-hailing, food delivery, and freight.

Why Is UBER a Top Pick?

1. Monthly Active Platform Consumers have grown by 13.8% annually, allowing for more profitable cross-selling opportunities if it can build complementary products and features
2. Incremental sales over the last three years have been highly profitable as its earnings per share increased by 132% annually, topping its revenue gains
3. Free cash flow margin increased by 19.9 percentage points over the last four years, giving the company more capital to invest or return to shareholders

At $69.51 per share, Uber trades at 17.6x forward EV-to-EBITDA. Is now the time to initiate a position? See for yourself in our in-depth research report, it’s free.

Lyft (LYFT)

Market Cap: $5.84 billion

Founded by Logan Green and John Zimmer as a long-distance intercity carpooling company Zimride, Lyft (NASDAQ: LYFT) operates a ridesharing network in the US and Canada.

Why Does LYFT Stand Out?

1. Active Riders are rising, giving it the chance to increase revenue without incurring additional customer acquisition costs if it can cross-sell additional products and features
2. Incremental sales significantly boosted profitability as its annual earnings per share growth of 35.4% over the last three years outstripped its revenue performance
3. Free cash flow margin jumped by 26.7 percentage points over the last four years, giving the company more resources to pursue growth initiatives, repurchase shares, or pay dividends

Lyft’s stock price of $14.08 implies a valuation ratio of 13.6x forward EV-to-EBITDA. Is now a good time to buy? Find out in our full research report, it’s free.

DoorDash (DASH)

Market Cap: $81.6 billion

Founded by Stanford students with the intent to build “the local, on-demand FedEx", DoorDash (NYSE: DASH) operates an on-demand food delivery platform.

Why Are We Bullish on DASH?

1. Orders have increased by an average of 23% annually, giving it the potential for margin-accretive growth if it can develop valuable complementary products and features
2. Performance over the past three years shows its incremental sales were extremely profitable, as its annual earnings per share growth of 54.2% outpaced its revenue gains
3. Free cash flow margin grew by 11.9 percentage points over the last four years, giving the company more chips to play with

DoorDash is trading at $196.29 per share, or 35.8x forward EV-to-EBITDA. Is now the right time to buy? See for yourself in our full research report, it’s free.

Stocks We Like Even More

With rates dropping, inflation stabilizing, and the elections in the rearview mirror, all signs point to the start of a new bull run - and we’re laser-focused on finding the best stocks for this upcoming cycle.

Put yourself in the driver’s seat by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years.

Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Axon (+711% five-year return). Find your next big winner with StockStory today for free.