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 bullish price pattern, making it worth a closer look for investors seeking growth opportunities.

Fundamental Strengths

• Growth Metrics: UBER has demonstrated strong revenue growth, with a 17.6% increase over the past year and an impressive 27.6% annual growth rate over multiple years. Earnings per share (EPS) surged by 333.33% in the last year, and analysts expect further EPS growth of 41.96% annually.
• Profitability: The company’s return on equity (55.91%) and return on assets (23.26%) outperform most peers in the ground transportation industry. Operating margins (8.49%) are also above average.
• Financial Health: UBER maintains a solid balance sheet, with a debt-to-equity ratio of 0.38 and a strong Altman-Z score (4.53), indicating low bankruptcy risk.

Technical Setup

• Trend Strength: Both short-term and long-term trends are positive, with the stock recently hitting a 52-week high.
• Support Levels: Multiple support zones exist between $86.33 and $89.70, backed by moving averages and trendlines.
• Breakout Potential: A recent pocket pivot signal suggests accumulation, and reduced volatility indicates consolidation before a potential upward move.

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

Disclaimer

This is not investment advice. The observations are based on current data, but market conditions can change. Always conduct your own research before making investment decisions.