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Barchart
Barchart
Sushree Mohanty

Uber Stock: 3 Reasons Why Analysts See Over 50% Upside Potential

Uber Uber One

Uber Technologies (UBER) offers a popular ride-hailing app. But very few investors realize that the company has evolved into a global transportation and delivery giant spanning rides, food delivery, grocery, advertising, and subscription services.

UBER stock is down 9% year-to-date (YTD). Yet Wall Street is becoming increasing bullish following the firm's first-quarter earnings report, with several analysts raising their price targets between $105 and $119, pointing to accelerating growth in rides, delivery, advertising, and subscriptions. Analysts believe shares could have more than 50% potential upside from current levels. 

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