Uber and more: UBS picks food delivery stocks set to pop by over 30%

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New for subscribers: Uber and more: UBS picks food delivery stocks set to pop by over 30%. Check out CNBCPro today.

has listed seven stocks to buy in online food delivery, as the market looks set to boom in the next couple of years.

People ordering takeout more frequently — and spending more when they do — means the sector could reach a value of almost $400 billion by 2024, the bank said. A Euromonitor estimate, meanwhile, said it could be worthThe sector, which already got a boost as people stayed at home during the coronavirus pandemic, is set for a compound annual growth rate of more than 20% a year between 2019 and 2024, UBS analysts led by Sreedhar Mahamkali said in a note published last week.

 

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Pro Interesting take as the economy opens up. I'll do the opposite - thanks

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