12 Best Stocks to Invest in for the Next 3 Months

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

No. of Hedge Funds: 136  

Uber Technologies, Inc. (NYSE:UBER) is a pioneering platform for ride-hailing, food delivery, and freight services, operating in over 70 countries. The company has revolutionized urban mobility, offering convenient and affordable solutions for millions of users. The company’s diversified revenue streams, including Uber Eats and Uber Freight, make it a key player in the future of transportation and delivery services.

On October 31, Uber Technologies, Inc. (NYSE:UBER) announced financial results for the third quarter, which ended on September 30. The company’s revenue increased 20% year-over-year to $11.2 billion. Whereas, Gross Bookings increased 16% year-over-year to $41.0 billion, with trips during the quarter growing 17% year-over-year to 2.9 billion, or approximately 31 million trips per day on average.

Looking ahead to Q4, Uber Technologies, Inc. (NYSE:UBER) has issued an optimistic outlook, reflecting strong growth prospects. The company projects Gross Bookings to range between $42.75 billion and $44.25 billion, representing a year-over-year (YoY) increase of 16% to 20%. This growth is expected to be fueled by sustained momentum in both its Mobility and Delivery segments, with trip growth anticipated to mirror the performance observed in Q3.

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