1 Glorious Growth Stock That Could Turn $200,000 Into $1 Million by 2035
Uber Technologies (NYSE: UBER) operates the world's largest ride-hailing network, along with popular food delivery and commercial freight services. It relies on 8.5 million drivers and couriers to fulfill demand from its 170 million monthly active customers, but the company is on the cusp of a major shift that could transform its financial results. Uber has signed partnerships with 18 companies that develop autonomous cars, robots, and even aircraft, and that list is growing. Since human drivers are the company's largest cost, these deals could result in billions of dollars in savings every year, which will flow through to Uber's revenue and its bottom line.In fact, I think Uber stock could soar fivefold within the next decade thanks to autonomous technologies. Here's how it could turn a $200,000 investment into $1 million by 2035.Continue reading
Uber Technologies (NYSE: UBER) operates the world's largest ride-hailing network, along with popular food delivery and commercial freight services. It relies on 8.5 million drivers and couriers to fulfill demand from its 170 million monthly active customers, but the company is on the cusp of a major shift that could transform its financial results.
Uber has signed partnerships with 18 companies that develop autonomous cars, robots, and even aircraft, and that list is growing. Since human drivers are the company's largest cost, these deals could result in billions of dollars in savings every year, which will flow through to Uber's revenue and its bottom line.
In fact, I think Uber stock could soar fivefold within the next decade thanks to autonomous technologies. Here's how it could turn a $200,000 investment into $1 million by 2035.
