Reported 2 days ago
Uber Technologies, a leading player in the ride-hailing industry, has seen its stock drop 30% due to fears of competition from autonomous vehicle technologies. Despite these fears, Uber is experiencing significant revenue growth and profitability, leading analysts to believe that its current stock price is undervalued. The company benefits from a vast network of drivers and a strong brand presence, which may protect it against the long-term threats of autonomous driving. Therefore, this decline presents a promising buying opportunity for investors looking to hold a top growth stock.
Source: YAHOO