30 Best Stocks To Invest In According to Billionaires

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

No. of Billionaire Investors: 22

Total Value of Billionaire Holdings: $1.72 Billion

Uber Technologies, Inc. (NYSE:UBER) is an American transportation company that provides ride-hailing services, food delivery, courier services, and freight facilities. It dominates the US ride-hailing marketplace, with a remarkable 76% share.

The global shift toward convenience and ride-hailing is driving strong growth for UBER. During Q4 2024, the company experienced robust growth across the Mobility and Delivery segments, with gross bookings growing 18% year-over-year. Uber Technologies, Inc.’s (NYSE:UBER) revenue came in at $12 billion, up by 20% from a year ago and exceeding estimates of $11.76 billion.

Andrew Arons, Founder and Managing Partner at Synergy Advisory Management Group expects Uber Technologies, Inc. (NYSE:UBER) shares to hit an all-time high within the next six months. Here is what he stated on a recent program on Schwab Network:

“I think Uber stock is going to hit all-time highs. I would say probably within the next six months, we’ll see it reach all-time highs. I wouldn’t be surprised if it hits 100 this year. So yeah, I think they’re moving in the right direction. They are one of those stocks attracting a lot of money, and a lot of money is starting to flow into Uber. They’re also making some really nice partnerships, and I think that’s going to propel the stock.”