Uber Stock Looks Expensive -- or Does It?
Uber Technologies (NYSE: UBER) has come a long way from its early days as a cash-burning disruptor of the taxi industry. Today, it's a profitable global platform with multiple engines of growth that span mobility, food delivery, logistics, and advertising.
But after its share price has more than doubled in the past two years, the stock is no longer cheap. With a trailing price-to-sales (P/S) ratio of around 4.6, it's fair for investors to ask: Has the stock run too far ahead of its fundamentals?
While the valuation looks high at first glance, the underlying business might justify the premium.
Source Fool.com
Uber Technologies Inc Stock
€69.63
-1.490%
The stock is one of the favorites of our community with 93 Buy predictions and 2 Sell predictions.
With a target price of 90 € there is a positive potential of 29.25% for Uber Technologies Inc compared to the current price of 69.63 €.
