Uber: Makings of a Solid Long-Term Investment
November 24 2021 - 10:23AM
TipRanks
I am bullish on Uber (UBER). That is not a popular statement
nowadays. The company suffers from weak profitability and high cash
burn. Not to mention its investment in China's leading ride-hailing
company, Didi (DIDI), caused a host of other problems. However, I
believe all those factors are already reflected in the stock price.
So, you have a company that recently turned a profit with
considerable competitive advantages and a healthy outlook.
(See Analysts’ Top Stocks on TipRanks) It has already
shattered taxi cartels worldwide. The verb "Ubering" is part of the
lexicon all over the world.
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Uber Technologies (NYSE:UBER)
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