May 24, 2024
Hot Stocks 🔥

Uber Stock Could Rise By 33% In 12 Months | Nemo

Name of opportunity: 👀

Uber Technologies, Inc 

Looking to the future: 🔮

The ridesharing company has several partnerships with autonomous vehicles companies like Motional (a joint venture between Hyundai and Aptiv), and Waymo (which is owned by Google’s parent company Alphabet). Uber also holds shares in Aurora, a company whose flagship product is Aurora Driver, a system that can be installed in any passenger car to enable it to become self-driving. This ambitious computer system uses lasers to find a path around obstacles. Aurora acquired Uber’s own autonomous division several years ago and the two companies appear to be bound together in their ambitions. If driverless car technology becomes viable in the years to come, it’s easy to see how Uber could profit.

How hot is this investment opportunity? 🔥🔥🔥

Right now, Uber is predicted by analysts to rise in value by 33.77% over the next 12 months. 

If it did increase from $64.19 to $85.61 in the next 12 months, investors who put in $1000 might profit $337.72. One reason analysts think that Uber’s stock could rise in value is that the company has shown growth both in its number of users and its number of bookings. It’s currently performing well and showing signs that this may well continue. 

Taxi!: 🚗

Uber is perhaps most well known for its ride sharing platform, but the company also owns Uber Eats, a food delivery service. Uber also delivers a freight service. The ride sharing element of the company’s operations enables customers to book a ride in a variety of vehicles, including cars, minibuses, and taxis - as well as vehicles like auto rickshaws and motorbikes.

Which neme?: 🔍

‘Meme Stocks’

Download Nemo to check out Uber - what do you think? Will everyone be hitching a ride in driverless cars in ten years’ time?

Han Tan

Han Tan is a seasoned financial journalist and news presenter renowned for his expertise in global markets. With a career highlighted by interviews with prominent figures and recognition from major media outlets like CNN and Reuters, he delivers insightful analysis on market news and macroeconomic trends to clients and international audiences. Han's sharp commentary on currencies, stocks, and commodities is familiar to viewers of Bloomberg TV Malaysia, BFM 89.9, and NTV7, cementing his sterling reputation in the industry.