Uber: Strong Growth, Weak Profits, Wary Investors
November 21 2021 - 08:42AM
TipRanks
I am neutral on Uber Technologies (UBER), as the company’s powerful
competitive advantages, strong growth momentum, and overwhelming
backing from Wall Street analysts are offset by the steep valuation
multiple and weak profitability. Uber Technologies, more commonly
known as just Uber, is an American company offering mobility as a
service, with operations spanning over 900 metropolitan areas
around the world. Strengths Uber was founded in 2009 with the
purpose of reducing the costs of direct transport. Currently, the
company is operating in 69 countries around the world, with more
than 101 million monthly active users.
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Uber Technologies (NYSE:UBER)
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Uber Technologies (NYSE:UBER)
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From Feb 2022 to Feb 2023