Uber Is Becoming a Cash-Flow Machine. Can DoorDash Follow the Same Path and Offer Big Gains for Investors?
All stocks require research before buying. But sometimes after research, I conclude that a company isn't ever worth an investment -- no need to circle back in the future. Some businesses simply burn cash, will burn more cash with scale, and continually dilute investors to pay the bills. I believed Uber Technologies (NYSE: UBER) was going to be one of those companies after I researched it in 2019.
I was wrong. In 2023, Uber generated nearly $3.4 billion in free cash flow. And that wasn't the result of a fancy accounting maneuver. On every profitability metric -- operating income, net income, cash flows, you name it -- Uber was a profitable company. In fact, Uber's free cash flow in 2023 was a record. Moreover, it's the continuation of a multi-year steady improvement.
Source Fool.com
Uber Technologies Inc Stock
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 €.
