(NYSE: UBER) has taken investors on a wild ride since its IPO on May 9, 2019. The mobility and delivery service provider went public at $45 per share, and its stock rose to an all-time high of $63.18 during the apex of the meme stock rally on Feb. 10, 2021. However, Uber's stock subsequently sank to a record low of $20.46 on June 30, 2022, as rising interest rates drove investors toward more conservative investments.

Today, Uber trades at $47. Its rising take rates, expanding margins, and rising profits brought back the bulls over the past year -- but it's still just 4% above its IPO price. Let's take a fresh look at Uber and see if it's a stock to buy, sell, or hold.

Image source: Uber.

Continue reading

Source Fool.com