1 Growth Stock Down 28% to Buy Right Now
After a difficult 2022 that saw (NYSE: UBER) stock fall 41%, investors are cheering the company's monster gains this year. The stock is up 85% in 2023 (as of Oct. 6), crushing the rise of the Nasdaq Composite Index, as optimism starts to grow for the ride-hailing and delivery platform.
But shares of Uber are still down 28% from their all-time high. Investors might want to take advantage of the discount to buy the stock. Here's why.
What makes Uber a worthy investment candidate is the presence of an economic moat. In the mobility segment, the two-sided platform that consists of riders and drivers has created a network effect.
Source Fool.com
Uber Technologies Inc Stock
€54.04
-4.490%
With 66 Buy predictions and 1 Sell predictions Uber Technologies Inc is one of the favorites of our community.
As a result the target price of 79 € shows a positive potential of 46.19% compared to the current price of 54.04 € for Uber Technologies Inc.
