12 Best Long-Term Growth Stocks to Buy Now

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

5-Year Revenue Growth: 27.60%

Number of Hedge Funds: 136

Uber Technologies, Inc. (NYSE:UBER) is a multinational transportation company that offers ride-hailing services, courier services, food delivery, and freight services. The company is increasingly employing AI to strengthen its autonomous vehicles and rider safety. It announced a strategic partnership with Nvidia in early 2025 to boost the integration of AI technology into self-driving cars.

Uber Technologies, Inc. (NYSE:UBER) plans to develop AI models using Nvidia’s Cosmos platform and DGX cloud. The company is also making moves in the robotaxi and autonomous vehicles sector. It announced that customers in Austin, Texas would be able to order an autonomous vehicle through its platform in March as part of a collaboration with Alphabet’s Waymo. The company ranks sixth on our list of the 12 best long-term growth stocks to buy now.

Ithaka US Growth Strategy stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q4 2024 investor letter:

“Uber Technologies, Inc. (NYSE:UBER) employs a marketplace-based technology platform used to match drivers and their vehicles with individuals, products, and packages moving from point A to point B. The company offers its ~6M independent contractors (drivers) access to its 130M monthly active users (riders), providing both parties real-time access to logistics services. Uber’s business consists of three segments: Mobility, Delivery, and Freight. These businesses combined for ~$140B in annual bookings across 9.5B trips in 2023. Uber’s stock suffered from the perceived risks autonomous vehicles would pose to the company’s base business. This fear intensified when Donald Trump won the 2024 election, as investors anticipated that one of Trump’s key allies, Tesla CEO Elon Musk, would leverage his burgeoning influence to accelerate the implementation of national autonomous driving regulations.”

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