This booming growth tech stock is benefiting from strong momentum. Despite taking shareholders on a very bumpy ride, Uber (UBER -0.95%) has been a huge winner. In the past 24 months, since August 2022, shares of this growth tech stock have skyrocketed 121%. Investors would've more than doubled their money owning this business, compared to a 34% return from the S&P 500 index. But is now the right time to buy Uber? Financial performance It's hard to ignore the ongoing macroeconomic uncertainty worrying invest ...

Uber Technologies (UBER) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this ride-hailing company, should get reflected in its stock price. After all, empirical research shows a strong correlation betwee ...

Key Takeaways Shares of Serve Robotics surged Wednesday after announcing a partnership to deliver Shake Shack orders through Uber Eats to customers in Los Angeles. Serve's stock received a massive boost last month on news that Nvidia had invested in the company and held a roughly 10% stake. In its second-quarter earnings report Tuesday, Serve said it was on track to deploy 250 new robots through the first quarter of next year, progressing toward its 2000-robot agreement with Uber Eats. Serve Robotics (SERV) ...

Just_Super Investment Thesis In my last article on Uber Technologies, Inc. (NYSE:UBER), I discussed the company's Q1 results and argued why investors shouldn't panic despite the surprise loss that the company posted. My rating on the company was a Hold. Since my article was published in May 2024, the stock has gained 4.03%, marginally outperforming the S&P 500, which rose 3.22% during the same period. In this article, I discuss the company's Q2 results and analyze the key developments and announcements made ...

Have you evaluated the performance of Uber Technologies' (UBER) international operations for the quarter ending June 2024? Given the extensive global presence of this ride-hailing company, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth. In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

The leading ride-hailing and delivery service is posting strong financial results. Uber (UBER -0.68%) just reported its financial results for the second quarter (ended June 30), and the market was pleased. The company beat Wall Street estimates for revenue and diluted earnings per share (EPS), sending the stock sharply higher immediately following the announcement. Despite shares of this transportation-as-a-service company trading at a forward price-to-earnings (P/E) ratio of 30 (as of Aug. 7), you might be ...

Riding-sharing leader Uber Technologies (NYSE:UBER) returned to profitability in the second quarter, easily beating Wall Street's top and bottom line estimates on Tuesday. Even during Monday's market meltdown and the yo-yo ride the stock market has been on afterward, Uber stock has remained strong. Shares are up 12% since Friday's close and will likely continue heading higher, even if we're heading for a recession. Driving Forward to Profitability Uber reported 17% year-over-year currency-adjusted revenue g ...

Jonathan Knowles/DigitalVision via Getty Images Investment Thesis I last wrote on Uber (NYSE:UBER) after the company's underwhelming 1Q24 results back in late May, arguing that "Uber's diversified revenue streams (mobility and delivery) will alternate to support outperformance during downturns in either segment." The company's 2Q24 quarterly results and outlook reported earlier this week confirmed my positive sentiment on the stock. Uber beat on top and bottom lines and reflected that green shoots from its ...

The company is riding high after delivering a "double beat" on second-quarter results. One of this week's brighter lights on the stock exchange has been Uber Technologies (UBER 5.29%), which reported estimates-busting numbers before market open on Monday. Despite that performance, one analyst reduced his price target on the ridesharing company after those figures hit the headlines. He still feels the company's shares are a buy, however, and he might just be correct. Putting on the brakes As the market was s ...