From Nasdaq: 2025-03-29 03:35:00

Uber Technologies (NYSE: UBER) is currently in correction territory, with its stock stuck in a trading range. Despite a 14% pullback, investors see potential in its growth and low valuation. With revenue of $44 billion in 2024, Uber remains a dominant player in rideshare and delivery services.

Uber’s revenue is split between mobility (57%), delivery (31%), and freight (12%) segments. The company’s 2024 net income of $9.8 billion marked a significant increase from the previous year. With its partnership in autonomous driving and a forward P/E ratio of 23, Uber presents a potentially lucrative investment opportunity.

Despite recent struggles, Uber stock remains a buy as it navigates correction territory. With a leading position in the transportation industry and growth potential in autonomous driving, investors see long-term value in the company. Analysts recommend considering Uber as a potential investment opportunity for future growth.



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