Is Uber a Solid Long-Term Investment?
The past couple weeks have been a roller coaster ride for Uber (NYSE: UBER). Since April 29th, its stock price fell more than 12% in a matter of days before rising 20% during the following seven trading days ending May 13th. While the company has been hit hard by the coronavirus pandemic with global bookings in April down 80% compared to the prior year, Wall Street viewed its recent earnings report favorably due to a renewed focus on cost-cutting and profitability.
I believe Uber will be able to weather the crisis, but investors should be cautious when deciding to add this tech stock to their portfolios.
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Source Fool.com
