The gig economy is growing post-pandemic with companies like Lyft, DoorDash, and Uber capitalizing

From Nasdaq: 2025-06-30 11:47:00

The gig economy has surged in popularity post-pandemic, redefining work with flexibility and freedom. Companies like Etsy, Alphabet, and Uber are capitalizing on this trend. The global gig economy market is expected to reach $2.15 trillion by 2033, with a 16.2% CAGR from 2025. Stocks like Lyft, DoorDash, and Uber present investment opportunities in this expanding market.

Lyft offers flexible income opportunities for drivers through its platform. Drivers can choose their hours, work part-time or full-time, and operate on their terms. This gig-based model allows Lyft to scale operations efficiently and quickly without traditional employment costs. The stock currently carries a Zacks Rank #2 (Buy).

DoorDash dominates the U.S. food delivery market with over 65% market share. Its gig economy model connects customers with independent contractors for deliveries. By leveraging a flexible workforce, DoorDash can efficiently meet fluctuating demand. The stock currently carries a Zacks Rank #3 (Hold).

Uber connects passengers with drivers through its app, offering flexible work arrangements. Drivers can choose when and how much they work, earning based on completed rides. The gig economy model allows Uber to scale operations and meet growing demand for transportation solutions. The stock currently carries a Zacks Rank #3.

A company targeting millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter, presents a compelling investment opportunity. This stock could potentially double in value, making it an ideal time to consider. Explore top stock picks aligned with gig economy trends for potential investment opportunities.



Read more at Nasdaq: Must-Watch Gig Economy Stocks to Rejuvenate Your Portfolio