Where Will Uber Stock Be in 5 Years?
By looking at Uber's (NYSE: UBER) stock chart, you'll quickly notice how volatile the journey has been for investors. In the past five years, the shares have climbed an impressive 251% (as of March 19). But there have been multiple drawdowns that would force even the most mentally strong investors to lose confidence.This growth stock has clearly been a winner in the past. Can it continue its incredible performance over the next five years?The COVID-19 pandemic dealt a blow to Uber's business, as it did for many companies at the time. In 2020, Uber's trip count, gross bookings, and revenue all declined by double digits versus 2019. This makes sense, given that consumer mobility was restricted due to shelter-in-place orders and the fact that many restaurants and stores were temporarily closed to in-person activity. Continue reading
By looking at Uber's (NYSE: UBER) stock chart, you'll quickly notice how volatile the journey has been for investors. In the past five years, the shares have climbed an impressive 251% (as of March 19). But there have been multiple drawdowns that would force even the most mentally strong investors to lose confidence.
This growth stock has clearly been a winner in the past. Can it continue its incredible performance over the next five years?
The COVID-19 pandemic dealt a blow to Uber's business, as it did for many companies at the time. In 2020, Uber's trip count, gross bookings, and revenue all declined by double digits versus 2019. This makes sense, given that consumer mobility was restricted due to shelter-in-place orders and the fact that many restaurants and stores were temporarily closed to in-person activity.
