Better Growth Stock: Uber Technologies vs. Airbnb
(NYSE: UBER) and Airbnb (NASDAQ: ABNB) both disrupted legacy industries with their streamlined digital platforms. Uber's ride-hailing platform challenged the traditional taxi business, while Airbnb simplified short-term rentals in a move to compete with hotels.
When I compared these two disruptors in April 2022, I concluded that Airbnb's simpler business model and resistance to macroeconomic headwinds made it a better investment than Uber. But in the time since I made that call, Airbnb's stock has fallen by 11% while Uber's stock surged 95%. Let's see why Uber defied my expectations and outperformed Airbnb by such a wide margin -- and if that trend will continue over the next 12 months.
Image source: Getty Images.
Source Fool.com
Uber Technologies Inc Stock
€59.33
-2.140%
The stock is one of the favorites of our community with 71 Buy predictions and 1 Sell predictions.
With a target price of 78 € there is a positive potential of 31.47% for Uber Technologies Inc compared to the current price of 59.33 €.
