UBER TECHNOLOGIES INC (NYSE:UBER) – A Strong Growth Stock with Technical Breakout Potential

UBER TECHNOLOGIES INC (NYSE:UBER) was identified by our screener as a strong growth stock with a favorable technical setup. The company combines solid fundamental growth metrics with a promising chart pattern, making it worth a closer look.

Growth Fundamentals

UBER has demonstrated strong growth, with key highlights including:

• Revenue Growth: Over the past year, revenue increased by 17.6%, with an average annual growth of 27.6% in recent years.
• Earnings Expansion: EPS surged by 333.33% in the last year, reflecting improving profitability.
• Future Expectations: Analysts project EPS growth of 41.96% annually in the coming years.

The company’s growth rating of 7/10 indicates it outperforms many peers in its industry.

Financial Health & Profitability

UBER maintains a balanced financial position:

• Health Rating (6/10): The company has manageable debt levels, with a Debt/Equity ratio of 0.38 and a solid Altman-Z score of 4.09, suggesting low bankruptcy risk.
• Profitability Rating (5/10): While margins are improving, UBER’s operating margin of 8.49% is competitive but could expand further.

Technical Setup

The stock’s technical rating of 8/10 highlights its strong performance:

• Trend: The long-term trend remains positive, while short-term consolidation presents a potential entry point.
• Support & Resistance: Key support sits near $81.36-$82.53, while resistance is found around $84.95-$86.79. A breakout above resistance could signal further upside.
• Relative Strength: UBER outperforms 84% of all stocks and 94% of its industry peers over the past year.

For traders, the current pullback offers a potential opportunity, with a well-defined risk level below support.

Our Strong Growth Stocks with Good Technical Setup screener lists more stocks with similar characteristics.
For a deeper dive, review the full fundamental report and technical analysis.

Disclaimer

This is not investment advice. Always conduct your own research before making investment decisions.