1 Huge Risk That Could Spell Trouble for Uber
(NYSE: UBER) just hit a major milestone. The leading ridesharing and delivery business generated operating income and free cash flow of $326 million and $1.1 billion, respectively, in the latest quarter (second-quarter 2023 ended June 30). For Uber bulls, this was a vote of confidence that the company can indeed make a positive turn financially.
The growth tech stock, which is up 89% in 2023 (as of Sept. 29), might already be pricing in this optimism. But despite the favorable development, investors need to keep their eyes on any downside risks. Over the long term, I think Uber faces one existential threat above all else.
Here's what shareholders need to know.
Source Fool.com
Uber Technologies Inc Stock
€65.72
-0.650%
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 24.77% for Uber Technologies Inc compared to the current price of 65.72 €.
