Will Uber Be a $1 Trillion Company by 2030?
As it currently stands, there are only seven companies in the world with a market capitalization in excess of $1 trillion. Six of them are technology businesses, with the outlier being energy conglomerate Saudi Arabian Oil, also called Saudi Aramco.
Technology businesses have long been considered high-risk, high-reward opportunities. Many of these companies develop software platforms, which often come with predictable, recurring revenue at a high margin. By consistently generating strong cash flow, these businesses have been able to reinvest profits into other growth areas including streaming, cloud computing, e-commerce, gaming, consumer electronics, and more.
One company that has done a stellar job evolving beyond its initial service is Uber Technologies (NYSE: UBER). You probably know Uber as an alternative to taxis. But the company actually provides far more value to customers.
Source Fool.com
Uber Technologies Inc Stock
With 71 Buy predictions and 1 Sell predictions Uber Technologies Inc is one of the favorites of our community.
As a result the target price of 79 € shows a positive potential of 30.3% compared to the current price of 60.63 € for Uber Technologies Inc.
