Uber Technologies (NYSE: UBER) was one of the most popular growth stories on the stock market before the pandemic shook the world in 2020 and 2021. During those two difficult years, the company was forced to innovate as its mobility (ride-hailing) business ground to a halt because of lockdowns and social restrictions.

It shifted its focus to the food delivery industry with its Uber Eats platform, which buoyed the company through the tumultuous period. But thanks to widespread vaccinations and therapeutics, society has now mostly returned to normal.

This year, and particularly in the third quarter (ended Sept. 30) results it just reported, Uber experienced an explosive resurgence in its mobility segment. It has carried the company to record results across several of its operating metrics, and here's why it makes Uber stock a buy right now, especially given it's trading down 51% from its all-time high.

Continue reading

Source Fool.com