With troubles UBER is currently happening and potential bans in London, analysis is pointing towards a drop in share prices long term moving into 2020. One to keep an eye on for sure
How do you figure an even lower price is viable when Uber has dropped 40 ish percent from IPO, has double digit growth and is paving a path to profitability? Ride sharing is profitable, they can continue operating in London, have tons of cash on hand, have majority stake in DiDi (chinas biggest ride share), and consensus price target from Wall Street analysts is ~45-50$?
jedahs
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@Dwsilk93, Simply based of market data I'm looking at on the charts and news events that have been happening recently. This is not a definate call, just analysis which I have stated to keep an eye on developements.
No one knows what's going to happen in the markets, it's just specualtion, analysis and anticipation.
Dwsilk93
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@jedahs, I hear you. The big reason why I think Uber stock is gonna shoot up is because the CEO just bought a years salary worth of stock. When your own money is directly correlated to stock price, amazing things happen