OUTLOOK FOR UBER
Financial services firm Wells Fargo named UBER $UBER stock one of its top picks for 2024.
Despite high marketing costs, it believes that revenue and EBITDA will be able to offset these costs. In addition, Wells Fargo believes that UBER has enough capital to buy 20% of its market capitalization over the next 3 years.
I don't have Uber stock in my portfolio and the results are worse from my perspective. How do you view the company?
Have a nice Sunday,
How do you see the future of $UBER and other similar companies like BOLT etc?
I own a really small bit of Uber $UBER and I still think it has a future and after the last quarterly results they had a smaller loss than expected so the share price went up a bit but so far it's not much compared to earlier prices.
I don't own one, but I still think companies of this type will replace the taxi services we all know sooner or later.
Uber is a great company with a great business, but the stock is currently expensive.