1 Magnificent S&P 500 Dividend Stock Down 30% to Buy and Hold Forever
Uber Technologies (NYSE: UBER) has defined the ride-hailing industry. The company is the dominant ride-hailing company in the United States and operates in 70 countries worldwide. But people don't take rides; they take Ubers. The fact that Uber's name has become synonymous with ride-hailing speaks to its brand power. Last December, Uber's success earned it a place in the S 500.
But today, the stock is down 30% from its all-time high due to fears that autonomous driving technology from companies like Tesla and Alphabet's Waymo will create an existential threat to Uber.
It's a frightening thought for investors, but it could be overblown. Here is why Uber's decline presents a compelling buying opportunity in a top-notch growth stock investors can buy and hold, potentially forever.
Source Fool.com
Uber Technologies Inc Stock
With 89 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 slightly positive potential of 4.69% compared to the current price of 78.33 € for Uber Technologies Inc.
