Uber Stock Has Skyrocketed 111% in the Last Year: Is It Time to Buy?
After the market tanked in 2022, last year brought renewed optimism from investors, and this resulted in strong recoveries for many of the stocks that suffered most during the bear market.
One such business is Uber Technologies (NYSE: UBER). The ride-hailing and delivery platform has seen its shares skyrocket 111% in the last 12 months. This return not only far outpaced the broader Nasdaq Composite index, but it also means Uber is now hitting fresh all-time highs.
But is now the right time to buy the soaring stock? There are valid arguments on both sides of the aisle when it comes to Uber's investment outlook.
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 €.
