#6 - Uber Technologies (NYSE:UBER)
Uber Technologies Inc. (NYSE: UBER) is one of the hottest stocks in the last 12 months, posting a price increase of over 70%. However, even if you had the foresight to envision what the company would be today when it went public in 2019, the gain in the last 12 months would be nearly identical the stock’s total return in that time.
What started out as a ride-sharing platform has blossomed into a company that also offers delivery services. And the company is generating advertising revenue - a key reason that analysts are forecasting EPS growth of over 119% in the next 12 months.
Uber’s business model is unquestionably tied to a demographic that is increasingly comfortable with both the ride sharing and delivery models. A key test of the company’s long-term growth prospects will come if, and when, it becomes a key market for autonomous vehicles. This could be huge for a business model that is under pressure by recent laws providing more protection for gig workers.
About Uber Technologies
Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.
Read More - Current Price
- $73.26
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 33 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $90.32 (23.3% Upside)
