Tiger Global’s 15 Long-Term Stock Picks

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

Number of Hedge Fund Holders: 136

Uber Technologies, Inc.(NYSE:UBER) develops and operates proprietary technology applications worldwide. Even though the fund trimmed its stake in the company by 14% in the past few months, the firm is still one of the top long term stock picks of Tiger Global. It has featured in the 13F portfolio of the fund constantly since the second quarter of 2019. At the end of the third quarter of 2024, Tiger Global owned close to 2.6 million shares in the ride hailing firm worth close to $200 million, representing 0.83% of the portfolio.

Just like Tiger Global, Wall Street analysts are also bullish on Uber Technologies, Inc.(NYSE:UBER). Investment bank Goldman Sachs recently termed the firm as one of its top stock picks for 2025. In an investor note, Goldman analyst Eric Sheridan said Uber’s risk-to-reward balance was among the most attractive heading into 2025. Sheridan highlighted that Uber was mired in a series of short-term debates, including discussion on pricing inflation and competition impact on mobility growth, as well as medium/long-term industry concerns over the impact of autonomous vehicles on supply/demand if not outright disintermediation. Against that backdrop, we see a company that can continue to deliver on its February 2024 Investor Day commitments despite the rise of autonomous vehicles, countered Sheridan.

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