Uber Stock Is Up a Phenomenal 121% in 2 Years: But Is Now the Time to Buy?

Despite taking shareholders on a very bumpy ride, Uber (NYSE: UBER) has been a huge winner. In the past 24 months, since August 2022, shares of this growth tech stock have skyrocketed 121%. Investors would've more than doubled their money owning this business, compared to a 34% return from the S&P 500 index.But is now the right time to buy Uber?It's hard to ignore the ongoing macroeconomic uncertainty worrying investors. Inflation is still well above the Federal Reserve's 2% target, and high interest rates are still causing fears of a recession. This unaccommodating backdrop makes Uber's results -- which topped Wall Street estimates -- that much more impressive.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool