UBER Stock Price Decreases 13% in a Month: Should You Buy the Dip? [Yahoo! Finance]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
In comparison, shares of rival Lyft LYFT have dropped 16.6% in the same timeframe. One-Month Stock Price Performance Comparison Zacks Investment Research Image Source: Zacks Investment Research The San Francisco, CA-based ride-hailing company's shares have dropped on concerns that self-driving cars could eliminate intermediary services. Google' s GOOGL Waymo recently unveiled plans to expand its robotaxi (autonomous vehicle) service to Miami, which has increased investor worries about heightened competition in the rideshare market, hurting the UBER stock. Donald Trump's plans to push for a federal framework supporting self-driving vehicles have also hit UBER shares. However, Uber's robust fundamentals and growth prospects cannot be ignored. For long-term investors, the recent pullback might create an opportunity to buy UBER shares. Currently priced at $60.21, the stock is 30.8% below its 52-week high, leaving ample room for growth. Reasons Why We Remain Bullish on UBER Sto
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News
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UBER
Earnings
- 10/31/24 - Beat
UBER
Sec Filings
- 12/19/24 - Form 4
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- UBER's page on the SEC website