15 Best Growth Stocks to Buy for the Next 5 Years

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3. Uber Technologies Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 136

5-Year Revenue CAGR: 26.31%

Upside Potential as of January 15: 34.73%

Uber Technologies Inc. (NYSE:UBER) is a technology company that operates a platform that connects consumers with service providers globally. It operates through 3 segments which include Mobility, Delivery, and Freight. It provides flexible and cost-effective transportation options to its customers, eliminating the need for personal vehicle ownership.

The company is poised for growth in 2025, driven by its sustainable and technological innovations. It’s accelerating its transition to an electric and zero-emission platform, evidenced by a 16% increase in gross bookings in Q3 2024. This commitment is further solidified by initiatives like expanding EV-only ride options, AI-powered driver support, and a focus on eco-friendly delivery practices. Uber Technologies Inc. (NYSE:UBER) aims for a fully electric and zero-emission platform by 2040. The company is also capitalizing on the autonomous driving wave through partnerships like the one with NVIDIA for AI-powered simulation.

This, together with a $1.5 billion share repurchase program, has boosted investor confidence in Uber Technologies Inc. (NYSE:UBER). Analysts are bullish on the company, with Wolfe Research raising its price target to $92 and MarketBeat highlighting the potential for 40% share price growth. Major brokerages also recognize its growth potential, adding it to their high-conviction lists.

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