The IBD SmartSelect Composite Rating for Uber Technologies increased from 88 to 96 Friday.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Uber Technologies is not currently near a proper buy zone. See if the stock goes on to form a new base and offer a new buying opportunity.
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The stock earns an 81 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 81% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 1,100% earnings-per-share gain for Q3. Sales growth increased 20%, up from 16% in the prior quarter. That marks two quarters of increasing revenue gains.
Uber Technologies holds the No. 5 rank among its peers in the Leisure-Services industry group. Carnival is the top-ranked stock within the group.
