HomeBusinessAccording to Wall Street, there are 1 glorious growth stocks that should...

According to Wall Street, there are 1 glorious growth stocks that should be hand-bought before 2025

Uber Technologies (NYSE:UBER) operates the world’s largest ride-hailing platform, but is also home to the food delivery service and commercial logistics network Uber Freight.

Uber’s stock price is currently down 8% from its all-time high set last month, and Donald Trump’s recent election victory could be a major reason. However, that could be the biggest financial opportunity in the company’s history.

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I think the recent dip could be a buying opportunity. The vast majority of analysts followed suit The Wall Street Journal seem to agree. They have given the stock the highest possible Buy rating, with none recommending Sell. This is why investors may want to buy a piece of Uber before the new year.

During the third quarter of 2024 (ended September 30), Uber had a record 161 million customers using its platform every month. They completed more than 2.8 billion trips this quarter, resulting in $40.9 billion in gross bookings.

A gross booking is the total amount a customer spends on the Uber app. A rideshare includes the driver’s earnings, and a food delivery order includes the cost of the food, even though Uber doesn’t keep that money.

Once these costs are taken out, Uber is left with a revenue figure. This was $11.2 billion during the third quarter, which was an increase of 20% from the same period a year ago.

However, the mobility industry is about to undergo a major shift thanks to autonomous technologies. Uber already offers driverless rides and food delivery to a limited extent on its platform, but its availability will only increase.

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Uber drivers across all segments earned a combined $18 billion in the third quarter alone. That number is included in its $40.9 billion in gross bookings, and it is by far the company’s largest expense.

If autonomous vehicles completely eliminate those costs, Uber will keep a significantly larger share of each trip, so this shift has the potential to completely transform the company’s economics.

Image source: Getty Images.

These three are intertwined. The Trump administration is likely to take a relatively light regulatory approach to business, and rumors are swirling that it will accelerate self-driving technologies. Tesla CEO Elon Musk was one of the Trump campaign’s biggest supporters and the company plans to build its own taxi network for its autonomous vehicles.

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