Uber On Stock Market

Many are suggesting to buy Uber as it is a leader in the coming offline era. Internet businesses are increasingly shifting to offline strategies over online services, and Uber has capitalized on that early in the cycle. This creates a better long term strategy and plus a reason to own the stock.

Uber stock took off today after receiving positive calls from a number of analysts. Uber’s stock was down about 5% since its market debut (IPO) at the New York Stock exchange (NYSE) in May. According to the Bloomberg service, Uber just received 0 sell ratings, 21 buy ratings, and 5 holds. The average 12 month price target from those analyst was $53.70. Some at Lead Edge Capital think Uber stock is dramatically undervalued.

The company has 93 million monthly active customers of its app for both food delivery and transportation needs, the ride-hailing company over the next five years can attain 25% revenue growth, according to Raymond James.