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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?

Before you consider Uber Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Uber Technologies wasn't on the list.

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)
4.7614 of 5 stars		$84.46+1.2%N/A14.80Moderate Buy$94.39
Lyft (LYFT)
4.1943 of 5 stars		$14.66-0.2%N/A97.84Hold$16.40
Wendy's (WEN)
4.8864 of 5 stars		$11.96+5.5%4.68%12.69Hold$16.34
Alphabet (GOOGL)
4.4679 of 5 stars		$168.53-2.8%0.50%18.78Moderate Buy$199.75
United Parcel Service (UPS)
4.8196 of 5 stars		$99.44+0.2%6.60%14.49Hold$120.26
FedEx (FDX)
4.7704 of 5 stars		$225.27+0.9%2.45%14.14Moderate Buy$292.54
Wingstop (WING)
2.9616 of 5 stars		$349.10-0.3%0.31%58.33Moderate Buy$352.70
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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