5 Best Delivery Stocks To Buy Heading Into 2023

In this article, we discuss 5 best delivery stocks to buy heading into 2023. If you want to see more stocks in this selection, check out 11 Best Delivery Stocks To Buy Heading Into 2023. 

5. HelloFresh SE (OTC:HLFFF)

Number of Hedge Fund Holders: N/A

HelloFresh SE (OTC:HLFFF) is a German company that delivers ready-to-make meal kits to prepare home-cooked meals to customers. The company has operations in the United States, Australia, Austria, Belgium, Canada, Germany, France, Luxembourg, the Netherlands, New Zealand, Switzerland, Sweden, Denmark, Norway, Italy, Japan, and the United Kingdom. HelloFresh SE (OTC:HLFFF) is one of the best delivery stocks to invest in. On October 27, the company posted a Q3 GAAP EPS of €0.02 and a revenue of €1.86 billion, up 31% year-over-year. 

On November 20, Goldman Sachs analyst Rob Joyce assumed coverage of HelloFresh SE (OTC:HLFFF) with a Buy rating and a €44 price target. While meal kits are a new category, with no history of surviving a recession, the analyst noted that HelloFresh SE (OTC:HLFFF) is the prominent category leader in an under-penetrated market, and at over 300%, its 3-year growth in Q3 2022 was the quickest among global e-commerce peers. HelloFresh has also multiple expansion plans, which the analyst believes will drive growth in the medium/long-term.