Should You Buy This Phenomenal Growth Stock With $100 Right Now?
(NYSE: UBER) shares are driving in the fast lane, having soared 218% since the start of 2023, far outpacing the broader Nasdaq Composite index.
This growth tech stock now trades at a price-to-sales ratio of 4.4. That's not nearly as attractive a valuation as the multiple of 1.5 that the shares carried at the start of 2023. It's accurate to assume that this business is benefiting from strong investor enthusiasm, bolstered by a favorable market environment.
So, should investors still buy Uber stock with $100 now or wait for a better opportunity?
Source Fool.com
Uber Technologies Inc Stock
€64.52
0.120%
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 €.
