Where Will Uber Be in 1 Year?
Uber Technologies (NYSE: UBER) has been one of the most impressive turnaround stories in the stock market in recent years. The ridesharing giant went from a busted initial public offering (IPO) in 2019 to slogging through the pandemic.
At one point, the transportation stock was trading down more than 50% from its IPO price. However, CEO Dara Khosrowshahi, who was brought in eight years ago to help repair the brand, has streamlined the company by backing out of unprofitable markets, investing in tech improvements, launching the Uber One loyalty program, and leveraging the company's strengths as a provider of both ride-sharing and food delivery. He has also paid down debt and slashed expenses. As a result, the stock has tripled from its bottom in 2022.
After that bull run, is Uber poised for more gains or is the stock ready for a breather? Below, I'll take a look at where Uber is today to determine where it will be in a year.
Source Fool.com
Uber Technologies Inc Stock
The stock is one of the favorites of our community with 73 Buy predictions and 3 Sell predictions.
With a target price of 92 € there is a positive potential of 40.16% for Uber Technologies Inc compared to the current price of 65.64 €.
