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.

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Source Fool.com