Name of opportunity: 👀
Uber Technologies, Inc
Uber back on the rise after dip earlier this week🚕
On Monday, Uber Technologies Inc experienced a decrease in price, at one point dipping to $68.58. There could be a few reasons as to why this happened, as it’s been suggested this happened due to President-elect Donald Trump reportedly being in favour of relaxing rules surrounding self-driving cars. However, Uber Technologies are back on the rise, going up over 1% in the past day.
At the same time as Uber’s stocks fell, so did Lyft’s, another ride-hailing company. It’s been suggested that this might have been due to Elon Musk unveiling an autonomous car called the Cybercab. Combined with Trump’s reported support for self-driving vehicles, this might be why we saw the recent dip for these two companies.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Uber Technologies, Inc. might increase from $70.34 to $86.10 in the next 12 months. If you invested $1000, you might profit $237.14.
There are several reasons as to why Uber might have seen an increase in price, despite the stock fluctuating a lot over the past week. Despite the dip in price, Uber has been in the news for several positive reasons, as the company recently received investments from several companies, including Braun Stacey Associations, and GSA Capital Partners LLP.
Another reason why Uber’s stock might be rising is because the company recently announced a new ride option that allows for more trunk space. Uber XXL is a ride option designed for those travelling to the airport with lots of luggage, which is ideal for this time of year where many people are about to travel home for the holidays.
Uber still a ‘Buy’📈
Uber Technologies Inc is an American multinational company that is headquartered in San Francisco, California. Uber offers ride-hailing services, courier services, as well as food delivery services. The transportation company operates in approximately 70 countries around the world.
Which neme?: 🔍
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