From Nasdaq:

Uber’s stock (NYSE: UBER) doubled in the last year, with more than 142 million monthly active users. The platform benefits from network effects and is eyeing success in the digital advertising space. Q3 results saw revenue at $9.3 billion, marking two straight quarters of positive operating income. CEO Khosrowshahi expects demand for Uber’s services to remain strong. However, it’s unlikely Uber’s stock price will climb 50% in the next 12 months, so expectations of reaching $100 per share should be tempered. As of January 16, 2024, stock Advisor returns have not reflected the S&P 500.



Read more: Can Uber Stock Reach $100 in 2024?