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MarketBeat ‘Stock of the Week’: Uber goes driverless

Written by MarketBeat Staff
October 31, 2023

Key Points

  • After falling 14% to $11 billion in 2020, Uber revenue is on pace to rise for the third straight year to more than $36 billion in 2023.
  • A recent pullback has created a favorable entry point for swing traders who can capitalize on the stock peeking outside of its lower Bollinger band - or investors in it for the long haul.
  • A near-perfect 29 of 30 analysts are presently bullish on Uber, with a current consensus price target of $59.00 implying more than 40% upside from Friday’s close.
  • Five stocks we like better than Uber Technologies.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Uber Technologies (UBER)
4.9957 of 5 stars		$67.79+0.1%N/A33.73Moderate Buy$91.53
Lyft (LYFT)
4.8045 of 5 stars		$13.42-1.8%N/A-83.88Hold$17.84
Wendy's (WEN)
4.7416 of 5 stars		$14.17flat7.06%14.92Hold$19.71
Alphabet (GOOGL)
4.161 of 5 stars		$198.37+0.2%0.40%26.31Moderate Buy$208.67
United Parcel Service (UPS)
4.9674 of 5 stars		$132.59-0.2%4.92%20.03Moderate Buy$151.38
FedEx (FDX)
4.7698 of 5 stars		$270.52-1.8%2.04%17.24Moderate Buy$325.61
Wingstop (WING)
4.4639 of 5 stars		$283.58+1.1%0.38%82.68Moderate Buy$368.16
Popeyes Louisiana Kitchen (PLKI)N/A$79.00flatN/AN/AN/AN/A
Panera Bread (PNRA)N/A$314.93flatN/AN/AN/AN/A
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