Uber customers loathe the word “surge,” but investors tracking the company’s share price love nothing more. Now, after watching the company’s shares drop by 27% since it reached an all-time high in October, there are signs that an upswing is on the way, say analysts.
The ride-hailing and delivery app company was recently showcased as a top pick in the large-cap category in two notes looking ahead to 2025, one from Evercore ISI and one from Goldman Sachs, both of which essentially dismissed worries that autonomous vehicles and self-driving taxis would significantly disrupt Uber’s business model anytime soon.
