With a current market cap of around $60 billion, Uber is considered as the pioneer of the ride-sharing service. With over 112 million active monthly users, Uber is a prime example of a solid company that has a bright future ahead.
So, do you want to invest on Uber? This guide will show you your options.
Overview
Status: Active
Sector: Technology
Industry: Software
Symbol: UBER
Exchange: NYSE
Employees: 22,400+
Website: uber.com
Wait, there's more...
Uber is also at the forefront of the development of the driver-less technology that is expected to revolutionize the riding market of the future.
Uber's other businesses also includes: package delivery, food delivery, freight transportation just to state a few.
It also owns a 27.5% stake of Grab, a Southeast Asian ride-sharing app which Uber merged services with in 2018.
That’s not all…
Uber has recently acquired Postmates, one of the largest food delivery service in the United States, in exchange for $2.65 billion in shares.
This new venture will result into a formidable tandem with Uber Eats, which is already among the top two in the food delivery market today.
Uber Eats expansion
This move is seen as a sign that Uber will put additional reliance on the food delivery market to increase its revenue in the coming years.
Bear in mind…
In this article, we will dig into the performance and outlook of Uber’s stock and how you can use this information to guide your decision-making on whether to invest on the company.
Please take note…
Strategize your investment around solid companies that you believe present the most promise in the future.
Table of Contents
Why Trade Uber Stock?
Look:
Earlier investment and market positioning of Uber has afforded the company a huge room for growth in the future.
It has put itself in an ideal position to succeed in the next decade.
After weathering the storm brought by the COVID-19 pandemic, Uber has set its sights on new acquisitions and expanded services and market.
While the current stock value appearing stable for now, analysts see it as having a promising high-yielding result in the coming years—making it an ideal long-term investment option.
eToro
Features:
- Copy investment portfolios of top Uber traders
- Trade stocks commission-free
- Practice with a free demo account
- No overnight fees
- Risk management tools
By giving budding traders a chance to explore and succeed in the stock trading market, eToro has become a popular online trading platform attracting more than 13 million users today.
Want to know how to use eToro? We will tell you how:
- Create an account at the sign-in page.
- Verify your personal data for security purpose.
- Make your first deposit.
- And as easy as 1,2,3, you can now begin trading.
eToro’s robust set of features include:
CopyTrading is a very helpful feature that offers a medium to users to perform search and copy successful traders for them to acquire the basic skills needed to invest properly.
CopyPortfolios is a valuable tool for traders as it imparts proper knowledge of growing their portfolios without putting their investments at risk by lessening the chances of experiencing losses.
Uber stock trading on eToro's platform
And another thing:
The Analyst Coverage is where users can find beneficial information about the industry, the market, company stocks, forecasts and other data you can use when making investment decisions.
eToro is also licensed by different regulatory bodies including the following:
- CySEC – Cyprus Securities and Exchange Commission
- FCA – Financial Conduct Authority
- ASIC – Australian Securities and Investments Commission
Plus500
Features:
- Competitive spreads for Uber
- Trading with as little as $100
- Fast and reliable order execution
- Risk management tools
- Fully regulated by the FCA, CySEC and ASIC
Remember this:
Plus500’s trademarked online trading platform is considered as among the most trusted trading app in the world today.
It is used by many successful traders because of its robust features that help every trader in managing their investment portfolios.
The integrated risk management tools of Plus500 aid users to sidestep investment risks by giving traders cohesive control of their investment.
Uber stock trading on Plus500's WebTrader platform
One more thing…
Plus500 follows all rules and guidelines set by financial governing bodies and is regulated by leading regulatory boards:
- Plus500CY Ltd authorized & regulated by CySEC (#250/14).
- Plus500UK Ltd authorised & regulated by the FCA (#509909).
- Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).
- Plus500AU Pty Ltd (ACN 153301681), licensed by:
ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
Uber Stock Performance
Weathering the storm and riding the wave of the future
Backed by strong management and mostly wise decisions in expanding their services beyond ride-sharing, Uber has gone through all the storms since its IPO in May 2019 and has weathered most.
Uber's stocks are steadily rebounding from the grinding halt that resulted from the lockdown following the 2020 COVID-19 pandemic.
And here's some good news:
Many financial analysts believe that Uber still present a long-term promise, for as long as the company execute all its plans and continue expanding their services.
Uber Stock Forecast
So, what is the prediction on Uber stocks?
Here's an updated forecast made by our financial analysts based on the latest collated figures and the current market situation.
Please keep in mind:
These forecasts will not guarantee success and only serve as a guide.
Several factors, events and circumstances may change in the future and for this reason, actual market outcomes and results may differ from our current stock predictions.
2020: Looking Ahead: A Future that Isn't Just about Ride-Sharing
As Uber rebounds from a challenging 2020 for almost all companies around the world, it looks ahead in the future with its sights set on other integral services that the global pandemic has highlighted: freight services and food-delivery services.
Uber Eats
Uber's Uber Eats and Uber Freight are expected to take the company's revenue higher as demands for retail and food delivery increases around the world.
Uber Eats alone, is on target to hit a $1 billion quarter revenue in 2020, while Uber Freight is headed in the same direction.
And so, we recommend…
To take advantage of this by riding on the Uber stock wagon before the company is able to maximize the potential of Uber Eats and Uber Freight.
2021: Developing Driver-less Car Technology
A big chunk of Uber's road to profitability is leaning on the company's self-driving business unit.
Uber's Advanced Technology Group is developing a technology that will greatly limit operational cost per ride.
More driverless cars soon
Analysts figures that if the technology is developed right and implemented soon, the 10-year net value of this technology will bring in $5 trillion by 2024.
“The goal is to create a cheaper, better and safer automated option for consumers using Uber’s ride-hailing service,”
says Uber in a statement.
How to Trade Uber Stock?
Simply follow the steps below and you're good to go:
-
Open an account with an online broker.
For you to trade Uber stock and other company shares, first you need to open an account with a brokerage which offers a platform for trading.
Signing-up for an account only takes a few minutes to accomplish and after completing this process, you need to make a deposit so you can start investing. -
Open your broker's trading platform.
Let's say you have opened an account with a specific brokerage and you have already funded it. The next step to do is to open their platform to start trading.
eToro trading platform
-
Look for the Uber stock (symbol: UBER).
After opening the platform, search for the Uber stock by using the search bar and entering either "Uber" or its stock symbol "UBER".
Searching for Uber stock on eToro's platform
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Select Trade and set the amount.
Click on "Trade" and specify the amount that you wish to invest. You may also set several specific parameters depending the features that are offered to you by your broker.
Trading Uber stocks on eToro's platform
-
Execute the order.
Initiate the trade by executing the order.
Executing order on eToro's platform
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Should I trade Uber stock?With Uber Freight expected to bring in more revenue and the recent addition of food-delivery service Postmates, the future is looking optimistic for Uber. Despite the world falling into a temporary standstill brought on by the coronavirus pandemic, Uber managed to remain relevant and its services as a ride-hailing app becomes a more integral part of everyday life. With future expansion of services laid out and backed by a solid team of management, Uber's stocks are considered as "BUY" with promising long-term rewards. |
Frequently Asked Questions (FAQ)
How Much is the Uber Stock?
Here is the current stock market price of ( )
Who Owns the Most Shares of Uber?
SB Investment Advisers (UK) LTD owns the largest number of Uber shares with 222,228,178 stocks worth $6,906,851,772.
How Many Outstanding Shares Does Uber Have?
Based on latest figures, Uber’s outstanding shares is 1.75 billion.
Where Can I Trade Uber Stock?
When trading Uber stocks, we highly endorse using the world’s leading online trading platforms used by many traders today. These are the popular CFD (contracts for difference) trading applications of eToro and Plus500.
Best Brokers for Trading Uber Stocks
So, are you set to trade Uber stock CFDs? Here's a table of top licensed and regulated brokerage firms which offer this financial instrument on their platforms.
Just click on the Uber Page of your chosen broker and we'll take you directly to their stock trading page.
| Broker | Features | Rating | Official Site |
|---|---|---|---|
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Min Deposit: $200 Regulation: CYSEC, FCA
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96 |
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Min Deposit: $100 Regulation: FCA, ASIC, CySEC
|
95 |
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Min Deposit: $100 Regulation: CBI, ASIC, FSC, FSA, FSB
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94 |
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Min Deposit: $5 Regulation: IFSC, ASIC, CySEC
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90 |
