8 Stocks That Could 10X Over the Next 3 Years

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

Analyst Upside as of November 18, 2024: 23%

Ride-hailing company Uber Technologies, Inc. (NYSE:UBER) is one of the stocks that could 10x over the next three years. The ride-hailing company is expected to become a completely electric and zero-emission platform by 2040, contributing to its growing popularity.

In Q3 2024, Uber (NYSE:UBER) grew its gross bookings by 16% year-over-year, the fourth quarter of logging in at least 20% growth. As of Q3 2024, more than 7.8 million people now drive and deliver with Uber. In addition to that, the company is working to advance its autonomous strategy, as its 14 AV partners seem to align with Uber’s goals and strategic position.

During the quarter, the company launched all-electric Uber Green, an EV-only ride option in 40 cities globally with an EV preference feature in other markets. For drivers, Uber (NYSE:UBER) introduced an AI assistant that helps answer EV-related questions supported by an EV mentorship program. More recently, on October 3, Uber (NYSE:UBER) formed a partnership with ENSO, The Earthshot Prize Finalist, to launch a range of low-emission electric vehicle tires across the United Kingdom and the United States.

Uber Technologies, Inc. (NYSE:UBER) is making strides in electric and autonomous vehicles, contributing to its ranking on our list. Analysts are also bullish on the stock, and their 1-year median price target of $90 points to a 23% upside from current levels.