Uber Technologies Inc is a California-based tech company with a market cap of $173.9 billion. While shares have dipped 16% from its 52-week high, the stock has soared 42% on a YTD basis. Uber’s recent third-quarter results showed strong growth with $13.47 billion in revenue and $2.26 billion in adjusted EBITDA. Despite missing some estimates, the company remains profitable. Analysts are bullish on Uber stock, giving it a “Strong Buy” rating with a mean price target of $111.60, representing a 30.3% premium. The stock is outperforming its competitor, ServiceNow Inc.
Read more at Barchart: Is Uber Technologies Stock Outperforming the S&P 500?
