Will Uber Reach a Trillion-Dollar Market Cap by 2035?
The current bull market has lifted some businesses more than others. (NYSE: UBER) has been a clear beneficiary, as its shares have tripled since the start of 2023. The enthusiasm surrounding the company is at high levels right now.
Could this growth tech stock maintain its strong momentum to reach a trillion-dollar market cap by 2035? Here are the factors that investors should be thinking about.
Uber has been posting solid financial results. In 2023, gross bookings soared by 19% to $138 billion, helping drive a revenue increase of 17% to $37 billion. These figures are significantly higher than five years ago (though the growth rates are lower), indicating a much larger enterprise than before the pandemic. The company is completing more trips and has more users than ever.
Source Fool.com
Uber Technologies Inc Stock
The stock is one of the favorites of our community with 77 Buy predictions and 2 Sell predictions.
With a target price of 82 € there is a positive potential of 23.53% for Uber Technologies Inc compared to the current price of 66.38 €.
