1 Reason to Buy Uber Stock Now, and 1 Reason to Hold Off
(NYSE: UBER) recently reported second-quarter results, with revenue of $9.2 billion missing Wall Street analyst expectations. But the management team did offer strong guidance, and Uber posted its first-ever operating profit. Nonetheless, shares have trended lower since the announcement, even though they're up 77% this year (as of Aug. 11).
The business might be turning the corner from a financial perspective, but it's a good idea not to rush and add Uber to your portfolio just yet. There are some key considerations to keep in mind.
Let's look at one reason investors would want to buy Uber stock right now, and one important reason to hold off on purchasing shares in this transportation-as-a-service business.
Source Fool.com
Uber Technologies Inc Stock
€53.12
-1.700%
The stock is one of the favorites of our community with 66 Buy predictions and 1 Sell predictions.
With a target price of 79 € there is a positive potential of 48.72% for Uber Technologies Inc compared to the current price of 53.12 €.
