Why I'll Never Own Uber Technologies Stock
Uber's (NYSE: UBER) stock has lost a third of its value after its IPO last May, as concerns about the ride-hailing giant's massive losses and business practices overshadowed its decent revenue growth. The COVID-19 crisis, which caused its rides to plunge about 80% in April, exacerbated the pain.
Yet plenty of investors remain bullish on Uber: Most Wall Street analysts who cover the stock still rate it as a "buy," with an average price target near its IPO price of $40 a share. However, I still wouldn't touch Uber's stock, for four simple reasons.
Image source: Uber.
Source Fool.com
