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.
- 5 stocks we like better than Uber Technologies
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