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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.
  • 5 stocks we like better than Uber Technologies

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Uber Technologies (UBER)
4.6321 of 5 stars		$69.31+0.6%N/A111.79Moderate Buy$84.38
Lyft (LYFT)
4.0331 of 5 stars		$15.60-0.6%N/A-33.19Hold$18.04
Wendy's (WEN)
4.7255 of 5 stars		$16.67-2.2%6.00%16.84Hold$22.11
Alphabet (GOOGL)
2.864 of 5 stars		$174.46-1.3%N/A26.76Moderate Buy$191.57
United Parcel Service (UPS)
4.8354 of 5 stars		$137.64+0.1%4.74%19.95Hold$164.95
FedEx (FDX)
4.8612 of 5 stars		$247.73-1.0%2.03%14.29Moderate Buy$301.92
Wingstop (WING)
2.6746 of 5 stars		$383.79-0.5%0.23%136.58Hold$331.50
Popeyes Louisiana Kitchen (PLKI)
0 of 5 stars		$79.00flatN/AN/AN/A
Panera Bread (PNRA)
0 of 5 stars		$314.93flatN/AN/AN/A
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