3 Reasons Why Warren Buffett Would Love (and 1 Reason He Would Hate) These Phenomenal Growth Stocks
Both Airbnb (NASDAQ: ABNB) and Uber Technologies (NYSE: UBER) recently reported their fourth-quarter 2023 financial results, demonstrating ongoing momentum that these businesses are benefiting from in the face of macro uncertainty. The two gig-economy heavyweights have some serious investment merit.
But are these phenomenal growth tech stocks worthy of Warren Buffett's investment consideration? There are three reasons I can identify why the Oracle of Omaha would likely love to add Airbnb and Uber shares to Berkshire Hathaway's portfolio. But there's one obvious reason he would hate them, too.
With first-mover advantages in their respective industries, both Airbnb and Uber have superior service offerings that stem from their tremendous scale. I believe Buffett would appreciate that these two businesses have come to dominate their respective end markets, which allows them to spend more than rivals on tech and development initiatives, marketing, and hiring the best talent.
Source Fool.com
Uber Technologies Inc Stock
The stock is an absolute favorite of our community with 56 Buy predictions and no Sell predictions.
With a target price of 78 € there is a positive potential of 20.89% for Uber Technologies Inc compared to the current price of 64.52 €.
