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.

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Source Fool.com