1 Growth Stock Down 10% to Buy Right Now
Do you like bargains? Do you also need growth stocks in your portfolio? For most investors in this volatile market, the answer to both questions is a resounding "yes." But it's rare to see a growth stock worth owning that's actually trading at a bargain price. That's why any time such stocks go on sale to any meaningful degree, the smart-money move is just diving in at the discount being offered.
Although its 10% tumble from last month's high is anything but enormous, that's about as much bargain as you're going to see right now for buy-worthy Uber Technologies (NYSE: UBER).
Uber is, of course, the United States' leading ride-hailing name. It's formidable in other parts of the world as well. The outfit turned $33.6 billion worth of bookings into revenue of $9.2 billion last quarter, up 16% and 14%, respectively. It then turned that revenue into $394 million worth of GAAP net income, or earnings of $0.18 per share.
Source Fool.com
Uber Technologies Inc Stock
The stock is one of the favorites of our community with 79 Buy predictions and 2 Sell predictions.
With a target price of 82 € there is a positive potential of 26.29% for Uber Technologies Inc compared to the current price of 64.93 €.
