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MarketBeat ‘Stock of the Week’: Uber goes driverless

Written by MarketBeat Staff
October 31, 2023

Key Points

  • After falling 14% to $11 billion in 2020, Uber revenue is on pace to rise for the third straight year to more than $36 billion in 2023.
  • A recent pullback has created a favorable entry point for swing traders who can capitalize on the stock peeking outside of its lower Bollinger band - or investors in it for the long haul.
  • A near-perfect 29 of 30 analysts are presently bullish on Uber, with a current consensus price target of $59.00 implying more than 40% upside from Friday’s close.
  • Five stocks to consider instead of Uber Technologies.

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Should You Invest $1,000 in Uber Technologies Right Now?

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While Uber Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Uber Technologies (UBER)
4.635 of 5 stars		$85.40+1.3%N/A18.73Moderate Buy$89.81
Lyft (LYFT)
4.2217 of 5 stars		$13.20+4.3%N/A220.00Hold$16.45
Wendy's (WEN)
4.8156 of 5 stars		$12.52-0.2%4.47%13.18Hold$16.81
Alphabet (GOOGL)
3.9999 of 5 stars		$164.21+0.1%0.51%20.40Moderate Buy$199.46
United Parcel Service (UPS)
4.9116 of 5 stars		$95.58-0.9%6.86%14.14Hold$120.87
FedEx (FDX)
4.8254 of 5 stars		$216.99-1.2%2.54%13.83Moderate Buy$297.71
Wingstop (WING)
3.2899 of 5 stars		$269.22-0.3%0.40%72.57Moderate Buy$320.05
Popeyes Louisiana Kitchen (PLKI)N/A$79.00flatN/AN/AN/AN/A
Panera Bread (PNRA)N/A$314.93flatN/AN/AN/AN/A
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