The 1 Reason Uber Is Now Profitable
(NYSE: UBER) has turned the corner to profitability and is now building a dominant position in mobility and delivery. There's one reason for its recent financial success, and that's the percentage of each transaction it takes as revenue.
In this video, Travis Hoium covers the company's growth and market power and how it was able to raise prices.
*Stock prices used were end-of-day prices of Nov. 28, 2023. The video was published on Nov. 29, 2023.
Source Fool.com
Uber Technologies Inc Stock
€61.03
-0.080%
The stock is one of the favorites of our community with 76 Buy predictions and 3 Sell predictions.
With a target price of 92 € there is a hugely positive potential of 50.75% for Uber Technologies Inc compared to the current price of 61.03 €.
