Down 30% From Its High, Should You Buy Uber Technologies Stock on the Dip?

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Down 30% From Its High, Should You Buy Uber Technologies Stock on the Dip?

^{Published on 2024-12-19 11:01:17 - The Globe and Mail}

Detailed price information for Uber Technologies Inc (UBER-N) from The Globe and Mail including charting and trades.

The article from The Globe and Mail discusses the recent performance and future prospects of Uber Technologies Inc. stock, which has seen a significant decline of about 30% from its peak. Despite this dip, the article suggests that Uber might still be a good investment due to several positive indicators. Uber has shown a 24% year-over-year revenue growth in its latest earnings report, driven by a recovery in ride-sharing demand and growth in its delivery segment. The company is also focusing on profitability, with efforts to reduce costs and improve its adjusted EBITDA. Analysts are optimistic about Uber's future, citing its strong market position in both ride-sharing and food delivery, potential for autonomous vehicle technology, and expansion into new markets like grocery delivery. However, the article also notes risks such as regulatory challenges, competition, and the ongoing impact of the global health crisis on travel and mobility. Overall, the piece frames Uber as a potentially undervalued stock with significant growth potential, appealing to investors looking for long-term gains.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/UBER/pressreleases/30128837/down-30-from-its-high-should-you-buy-uber-technologies-stock-on-the-dip/ ]

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