![]() ![]() As such, I am bullish on the name, like all 29 analysts covering it.Īt 2.42 times price-to-sales (P/S), Uber stock is trading miles below some of its peers in tech. Shares of Uber have now more than doubled since their 2022 low but remain 28% from their 2021 all-time high.Īs one of the most favored Strong-Buy-rated tech stocks out there, I simply do not see a mild recession steering Uber stock off course. It’s been a long time coming, but Uber seems to be in the clear, even with a few more curveballs thrown its way by the economy. The company is making big moves to sustainably jump onto the GAAP profitability track. Uber is a popular ride-hailer and food-delivery app that we’re all familiar with. Therefore, let’s use TipRanks’ Comparison Tool to compare three high-quality technology names that all have unanimous Buy ratings from analysts (meaning that every single rating is a Buy). Regardless, I’d much rather look to some of the lower-cost plays to minimize downside risks if the tech sector does decide to turn violently in the second half, as it did through most of last year. Undoubtedly, it’s hard to tell where tech, as a whole, goes from here. Indeed, chasing hot stocks after substantial surges can entail pain in certain situations. ![]() If you found yourself viewing tech’s run from the sidelines, it can feel oh-so-tempting to be a chaser, even with the higher stakes. ![]() The year-to-date run in tech stocks has been truly remarkable, causing some to question if there’s still any value in tech. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |