#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 case for Uber has to do with the emerging network effect. Simply put, the company reports an increase in individuals using the platform. And once, they do, the frequency with which they use it increases.
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, if successful, represents an existential risk to the company.
However, while analysts remain bullish on the future of autonomous driving, they agree it’s still years away. That means if you’re looking for growth in the next few years, UBER stock is a good choice. Analysts project 33% earnings growth in 2025 to support a consensus price target of $91.53, a gain 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.
Read More - Current Price
- $67.79
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 32 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $91.53 (35.0% Upside)
