(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?

Continue reading

Source Fool.com