10 Best Stocks to Buy for the Next 3 Months

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

No. of Hedge Fund Holders: 166

Upside Potential: 17.62%

Uber Technologies, Inc. (NYSE:UBER) is a global technology company facilitating various transportation and delivery services through its proprietary applications. The company’s business is segmented into Mobility, Delivery, and Freight. The Mobility segment connects users with diverse transportation while also offering financial and advertising services. The Delivery segment focuses on connecting consumers with restaurants and retail stores for food, groceries, and other item deliveries. Meanwhile, the Freight segment provides a digital marketplace for shippers and carriers, streamlining logistics and transportation management.

A pioneer of the ride-hailing industry, Uber Technologies, Inc. (NYSE:UBER) has been at the forefront of technological innovation. The company’s partnership with tech giants Alphabet and Waymo led to the deployment of their autonomous driving vehicles in Austin, Texas, in March. Users on the Uber app now have the option to accept or switch to their non-autonomous ride. As soon as they do, their Jaguar I-PACE vehicle arrives within a specified locality, with the user having the ability to unlock the vehicle, open the trunk, and start the trip all from their familiar app. The service is already running in Phoenix, San Francisco, and Los Angeles, and it will soon be running in Atlanta. In a move to expand its delivery segment, the company also announced a partnership with FreshDirect, a leading online food delivery service in New York.

Uber Technologies, Inc. (NYSE:UBER)’s Q4 2024 report showed revenue of $11.96 billion, up 20.36% YoY, beating analyst estimates by $185.32 million. EPS was $3.21, beating estimates of $2.73. It is among the best stocks to buy.