From Yahoo Finance: 2025-03-29 10:04:00

Jericho Capital Asset Management, founded by Josh Resnick in 2009, is a hedge fund specializing in long/short equity strategies in global technology, media, and telecommunications sectors. The firm manages approximately $7 billion in 13F securities, with a concentrated portfolio focusing on high-conviction stocks for strong growth potential.

Uber Technologies, Inc. (NYSE:UBER) is a global technology company offering ride-hailing, food delivery, and freight services in over 70 countries. Despite a 20% revenue growth in Q4 2024, Uber’s adjusted EPS fell short of expectations. The company anticipates first-quarter gross bookings and adjusted EBITDA slightly below analyst projections.

Uber Technologies, Inc. (NYSE:UBER) continues to innovate with the launch of robotaxi rides in Austin, Texas, aiming to capitalize on the trillion-dollar opportunity in autonomous driving technology. Hardman Johnston Global Equity Strategy sees Uber as a market leader with potential for sustained healthy growth over the next three years.

Jericho Capital Asset Management ranks UBER 10th on their list of top stocks to buy. While recognizing UBER’s investment potential, they believe other AI stocks offer greater promise for higher returns in a shorter timeframe. For investors seeking a promising AI stock trading at less than 5 times earnings, a report on the cheapest AI stock is recommended.



Read more at Yahoo Finance: Uber Technologies, Inc. (UBER) Among Top Stocks to Buy According to Jericho Capital Asset Management