10 Best Stocks to Buy and Hold For 2 Years

3. Uber Technologies, Inc. (NYSE:UBER)

3-Years Sales Growth: 36.07%

Number of Hedge Fund Holders: 166

Uber Technologies, Inc. (NYSE:UBER) is an international technology company that provides mobility, delivery, and freight solutions. It operates in more than 70 countries providing millions of rides daily. On March 25, Bank of America Securities analyst Justin Post maintained a Buy rating on the stock.

Hardman Johnston Global Equity Strategy in its Q4 2024 investor letter, mentioned that Uber Technologies, Inc. (NYSE:UBER) has a 65% market share in almost all the ride-sharing categories across the countries it operates in. The fund sees the company sustaining healthy top-line growth over the next three years, driven by tailwinds from expansion, product innovations, and its expanding network.

Moreover, during the fiscal fourth quarter of 2024, Uber Technologies, Inc. (NYSE:UBER) grew its gross bookings by 18% year-over-year. This resulted in the revenue growing 20% during the same time to reach $12 billion. Management noted that increased demand for its mobility and delivery segments is helping it achieve above-expectations results. It is one of the best stocks to buy and hold for 2 years.

Hardman Johnston Global Equity Strategy stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q4 2024 investor letter:

“During the quarter, we initiated three new positions in Lennar Corporation, Bank of America Corp., and Uber Technologies, Inc. (NYSE:UBER). Uber is a leading platform company that facilitates ride-hailing, food delivery, and freight booking services, which each represent large and underpenetrated markets. Uber is active in more than 10,000 cities and approximately 70 countries globally, and Uber is a market leader with more than 65% market share in nearly all ride-sharing regions in which it operates. Uber should continue to benefit from secular tailwinds, product innovation, expansion, and network effects. The cross-selling of the Uber One membership program should drive both loyalty and engagement. International markets represent half the business and continue to be an important growth driver. Overall, we see sustained healthy topline growth for the company over the next three years with some insulation to global economic trends.”