Uber Stock Is Up a Phenomenal 121% in 2 Years: But Is Now the Time to Buy?
Despite taking shareholders on a very bumpy ride, (NYSE: UBER) has been a huge winner. In the past 24 months, since August 2022, shares of this growth tech stock have skyrocketed 121%. Investors would've more than doubled their money owning this business, compared to a 34% return from the S 500 index.
But is now the right time to buy Uber?
It's hard to ignore the ongoing macroeconomic uncertainty worrying investors. Inflation is still well above the Federal Reserve's 2% target, and high interest rates are still causing fears of a recession. This unaccommodating backdrop makes Uber's results -- which topped Wall Street estimates -- that much more impressive.
Source Fool.com
Uber Technologies Inc Stock
€65.34
-1.540%
With 76 Buy predictions and 2 Sell predictions Uber Technologies Inc is one of the favorites of our community.
As a result the target price of 82 € shows a positive potential of 25.5% compared to the current price of 65.34 € for Uber Technologies Inc.
