Should You Buy This Phenomenal Growth Stock With $100 Right Now?
(NYSE: UBER) shares are driving in the fast lane, having soared 218% since the start of 2023, far outpacing the broader Nasdaq Composite index.
This growth tech stock now trades at a price-to-sales ratio of 4.4. That's not nearly as attractive a valuation as the multiple of 1.5 that the shares carried at the start of 2023. It's accurate to assume that this business is benefiting from strong investor enthusiasm, bolstered by a favorable market environment.
So, should investors still buy Uber stock with $100 now or wait for a better opportunity?
Source Fool.com
Uber Technologies Inc Stock
€59.50
-0.150%
With 70 Buy predictions and not a single Sell prediction Uber Technologies Inc is an absolute favorite of our community.
As a result the target price of 78 € shows a positive potential of 31.09% compared to the current price of 59.5 € for Uber Technologies Inc.
