Is Uber a good stock for 2023?

While Uber stock has performed well for investors thus far in 2023, there are good reasons the market has sent its share price higher. Even today, the stock sits well below its all-time high despite a much clearer outlook for future profits than just a couple of years ago.



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Uber's stakes in Yandex. Taxi, Didi, Grab are worth $12.5 Billion today. Assuming an annualized return of 25% on these assets, over the next decade, these investments will be worth $115 Billion in 2028. Adding this to the $515 Billion valuation for the core Uber platform gives Uber a value of $630 Billion.

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According to the latest long-term forecast, Uber price will hit $55 by the end of 2023 and then $60 by the middle of 2024. Uber will rise to $75 within the year of 2025, $90 in 2026, $100 in 2027, $110 in 2028, $125 in 2030 and $150 in 2034.

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Stock Price Forecast The 38 analysts offering 12-month price forecasts for Uber Technologies Inc have a median target of 58.00, with a high estimate of 75.00 and a low estimate of 45.00. The median estimate represents a +30.87% increase from the last price of 44.32.

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With excellent growth drivers in place, the company looks set for another decade of strong outperformance. Uber will most likely continue to face regulatory hurdles as an industry innovator in addition to facing tough competition across most segments.

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Uber and Lyft canceled pool rides during the pandemic, fearing that having too many people in a car would spread COVID. Uber has reactivated the program, but they rebranded it with a new name, UberX Share, and made a few changes to benefit the passenger.

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Where Uber's climate and autonomous driving goals will meet in the future. Uber plans to have its U.S. fleet and all drivers go electric by 2030 or be taken off the platform. The company says it will invest $800 million to help drivers pay for EVs, and partnerships with Ford and Hertz can help.

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The top shareholders of Uber are Dara Khosrowshahi, Tony West, Nelson J. Chai, SB Investment Advisers (UK) Ltd., Morgan Stanley, and FMR LLC. Below, we take a closer look at the top shareholders of Uber.

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Does Uber pay dividends on its stock? We do not currently pay dividends on our stock.

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The business was finally able to register its first-ever operating profit, as this metric came in at $326 million for the quarter. And perhaps even more impressive, Uber produced $1.1 billion of free cash flow (FCF), a new record.

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