UPS Under $100: Your Last Chance to Buy?
The holiday shopping season is a busy time for package delivery companies like United Parcel Service (NYSE: UPS). This may be contributing to the stock's recent strong performance.
UPS shares rallied after a strong earnings release in October and have continued to rally since then. However, before you rush out and buy this hot stock as it crosses the $100-per-share mark, you may want to consider the following.
Many factors affected UPS's operating performance in recent years. These include the post-pandemic drop in e-commerce volumes and higher labor costs, as well as the impact of competition, including competition from Amazon, one of its largest customers.
Source Fool.com
United Parcel Service Inc. Stock
€90.42
1.370%
Currently there is a rather positive sentiment for United Parcel Service Inc. with 36 Buy predictions and 5 Sell predictions.
As a result the target price of 102 € shows a slightly positive potential of 12.81% compared to the current price of 90.42 € for United Parcel Service Inc..
