Uber Technologies (UBER) Stock

Uber's stock price is currently in a technical bear market, having dropped more than 22% from its peak in 2024. This decline is due to worries about the company's growth potential and the strong competition it faces.

It is expected that UBER's Mobility and Delivery sectors saw an increase in gross bookings during the fourth quarter, which should positively impact their overall results.

The jobs report for January will be released on Friday. Additionally, there will be earnings reports from companies like AMD, Alphabet, Chipotle, PayPal, Disney, Eli Lilly, Qualcomm, Amazon, PepsiCo, and others.

Investors should be aware of three important points before including this in their portfolios. Uber has become consistently profitable, which some skeptics may have doubted would occur. In the first nine months of 2024, Uber's operating income rose by 343% compared to the previous year, reaching $2 billion.

One leading company is successfully attracting investors. Even though their stock is quite volatile, it has increased by 128% over the last two years.

Uber Technologies (UBER) will announce its fourth-quarter earnings on Wednesday morning. It is expected that their revenue has increased compared to last year, but their profits may have decreased.

Uber Technologies, Lyft, NVIDIA, and Tesla are included in the top Analyst Blog by Zacks.

Uber Technologies Inc. (NYSE: UBER) shares have shown strong resilience lately, gaining momentum after a rough start to 2024. Although the stock is not yet back to its all-time high from last October, there are many reasons for investors to feel optimistic about its future as the year progresses.

In addition to looking at analysts' predictions for Uber's overall earnings, it's important to assess forecasts for some of its main performance indicators. This will help us understand how the company may have done in the quarter that ended in December 2024.