Uber Technologies’ stock has surged nearly 30% in the past year, outperforming the S&P 500. Despite a pandemic-related dip in 2020, Uber’s growth metrics have been impressive, with a significant increase in MAPCs, trips, gross bookings, and revenue. Uber’s market share in the U.S. has also risen.

Uber’s growth is fueled by its subscription platform, Uber One, which has seen a 60% increase in subscribers. The company has diversified its services, expanded its market reach, and improved profitability by divesting noncore businesses. EBITDA turned positive in 2022 and nearly quadrupled by 2024.

Analysts forecast Uber’s revenue and adjusted EBITDA to grow 17% and 34% in 2025, respectively. With a reasonable valuation compared to Lyft, Uber’s stock could rise by another 30% in the next year. The company’s growth trajectory and profitability make it a solid investment choice for the future.

Read more at Nasdaq: Where Will Uber Technologies Stock Be in 1 Year?