I'm Confident This Stock Will Double by 2030. Here's the 1 Reason I'm So Sure.
With shares trading 24% below their record, this looks like a compelling buy-the-dip candidate.
Overview
Uber (NYSE: UBER) just made headlines, announcing that it's going to trim 10% of its staff. The goal with this move is to reduce management layers and focus more on the core business.
Shares have still been on a very disappointing run. They're down 18% in the past 12 months (as of Sept. 3). And they currently trade 24% off their record from October last year. Investors have the chance to be opportunistic with an industry-leading enterprise.
Details
I think better days are coming. I'm confident this growth stock will rise at a 19% compound annual rate to double by 2030. Here's the key reason I'm so sure.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.