#2 - Uber Technologies (NYSE:UBER)
You shouldn't think of Uber Technologies Inc. (NYSE: UBER) as a "forever stock." But if you’re looking for growth stocks that should outperform the market in the short term, the ridesharing leader is one to consider.
The bullish outlook for Uber hinges on its growing network effect. The company is seeing an increase in users on its platform, and those users are engaging more frequently over time.
In 2024, UBER stock was more of a trade than an investment, with a 58% swing between its 52-week high and low. Much of that uncertainty comes from the emergence of autonomous vehicle technology, which poses a significant long-term challenge for Uber’s business model.
While autonomous driving holds promise, analysts agree it remains several years from widespread adoption. For now, Uber offers strong growth potential. Analysts predict earnings growth of 33%, supporting a consensus price target of $91.53—a potential upside of over 34%.
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.
More about Uber Technologies- Current Price
- $76.07
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 28 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $90.94 (19.6% Upside)
