2 Reasons I'm Bullish on Uber Stock

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2 Reasons I'm Bullish on Uber Stock

^{Published on 2025-01-20 08:41:34 - MSN}

Uber (NYSE: UBER) is generating growth in the two most important segments. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. See the 10 stocks
*Stock prices used were the afternoon prices of Jan.

The article from MSN Money discusses two primary reasons for being optimistic about Uber Technologies, Inc.'s stock. Firstly, Uber has shown significant growth in its core ride-hailing business, with a 25% year-over-year increase in gross bookings for the first quarter of 2024, indicating strong demand and market recovery post-COVID. This growth is supported by Uber's expansion into new markets and the addition of new services like car rentals and boat services, enhancing its platform's utility. Secondly, Uber's diversification into food delivery through Uber Eats has been a success, with a 13% increase in gross bookings in the same quarter, positioning Uber well in the competitive food delivery market. These developments suggest that Uber is not only maintaining but expanding its market presence, which could lead to a positive outlook for its stock performance.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/2-reasons-i-m-bullish-on-uber-stock/ar-AA1xwdsN ]

N@N

2 Reasons I'm Bullish on Uber Stock