Wolfe Research Bets on 2 Smaller ‘Strong Buy’ Internet Stocks — Beyond Amazon and Meta

As earnings season approaches, Wolfe Research is turning positive on two smaller internet stocks, DoorDash (DASH) and Chewy (CHWY), that stand out within the sector. While large-cap names like Amazon (AMZN) and Meta Platforms (META) continue to dominate headlines, the firm believes these two companies also offer better risk-reward at current levels.

Both stocks also carry a Strong Buy consensus rating, showing broad support from Wall Street analysts.

1. DoorDash (DASH): The company operates an online platform that lets people order food and goods for delivery from local restaurants and stores. The company is expected to announce its results for the fourth quarter of 2025 on February 18. Wall Street expects DASH to report earnings of $0.59 per share on revenues of $3.99 billion.

Wolfe expects DoorDash to post slightly higher gross order value than Wall Street forecasts, supported by steady demand and growth in grocery and overseas markets. The firm also sees room for better margins as more orders run through automated systems and unit costs improve.

2. Chewy (CHWY): This is an online retailer of pet food and products, serving customers with delivery and a wide range of pet supplies. The company is expected to announce its results for the fourth quarter of 2025 in March. Wall Street expects CHWY to report earnings of $0.59 per share on revenues of $3.99 billion.

Chewy is Wolfe’s top small- to mid-cap internet pick. The firm sees a clear path toward higher margins over the next few years, driven by advertising growth, private-label expansion, automation, and growth in Chewy Health. Wolfe also expects steady revenue growth to continue, supported by better marketing efficiency and higher customer value.

Which Internet Stock Is a Better Buy Now? 

We used the TipRanks Stock Comparison tool to compare how Wall Street analysts rate the four stocks and which ones offer the most upside.