Are the Reasons You Hated Uber Stock in 2019 Still Valid in 2020?
One of last year's biggest broken IPOs was Uber (NYSE: UBER), which shed a little more than a third of its value in 2019 after hitting the market at $45 in its springtime IPO. It's been driving in the right direction this year, up 39% through Wednesday's close.
Accelerating top-line growth since going public, smart promotional activity, and a blowout fourth quarter as it steers toward what is now inevitable profitability are turning Uber stock from last year's dog to this year's best in show. Let's take a closer look at what the bears got wrong about Uber.
Image source: Uber Technologies.
Source Fool.com
