Kickstarting your investment journey can be both exciting and scary at the same time, and if you’re new to investing, you may not know where to even begin. However, one thing is for certain — stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let’s break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Uber Technologies, based in San Francisco, CA, was incorporated in Delaware in July 2010. The company went public in May 2019. Its IPO price was $45. Uber closed its IPO on May 14. During the process, the company issued and sold 180 million shares of its common stock.
On August 16, 2019, UBER was added to the Zacks Focus List at $33.22 per share. Shares have increased 102.71% to $67.34 since then.
For fiscal 2024, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.06 to $1.91. UBER boasts an average earnings surprise of 83%.
Additionally, Uber Technologies’ earnings are expected to grow 119.5% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like UBER, there’s a great chance you’ll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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Uber Technologies, Inc. (UBER) : Free Stock Analysis Report
