Uber Stock Is Soaring: Is It a Buy Now?
Sun, Feb 11, 2024 7:50 PM

Uber Stock Is Soaring: Is It a Buy Now?

A Flip by Shubhangi Gupta
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UBER's market cap has skyrocketed to $145 billion after a strong year with expanding margins and profits in its mobility and delivery segments. However, the stock is currently trading at a high forward price-to-earnings ratio of 37 and may be overvalued. Some analysts advise keeping an eye on it but not investing just yet.

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