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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.
  • 5 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)
4.9816 of 5 stars		$61.71-0.3%N/A30.70Moderate Buy$90.51
Lyft (LYFT)
4.701 of 5 stars		$13.91+1.5%N/A-86.94Hold$17.77
Wendy's (WEN)
4.1855 of 5 stars		$16.63+0.9%6.01%17.51Hold$20.36
Alphabet (GOOGL)
3.7022 of 5 stars		$196.11+0.8%0.41%26.01Moderate Buy$206.69
United Parcel Service (UPS)
4.9174 of 5 stars		$126.26+0.4%5.16%19.07Moderate Buy$151.29
FedEx (FDX)
4.8089 of 5 stars		$271.84+1.1%2.03%16.77Moderate Buy$324.88
Wingstop (WING)
4.5883 of 5 stars		$291.75+0.3%0.37%85.06Moderate Buy$368.74
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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