3 Must-Know Uber Facts for Investors
Few businesses have disrupted entire industries like Uber Technologies (NYSE: UBER) has done to the taxi market. The company has become so successful and dominant in its 15-year history that its name is now used as a verb, indicating strong consumer mindshare.
This transportation-as-a-service stock has had an extremely volatile year, now trading 29% below its peak from just two months ago (as of Dec. 11). The dip might incentivize investors to buy, but it's important to know these three things about Uber first.
Uber connects drivers with riders in more than 10,000 cities across the globe. It also allows consumers to order items from various stores and restaurants for delivery using those drivers. The company is a perfect example of how technology can provide a valuable service for the world by simply connecting different stakeholders in a way that hasn't been done before.
Source Fool.com
Uber Technologies Inc Stock
The stock is one of the favorites of our community with 73 Buy predictions and 3 Sell predictions.
With a target price of 92 € there is a positive potential of 39.8% for Uber Technologies Inc compared to the current price of 65.81 €.
