1 Growth Stock Down 30% to Buy Right Now

Uber's (NYSE: UBER) stock hit an all-time high of $86.34 on Oct. 11. That marked a 92% gain from its IPO price of $45. But since then, its stock has pulled back about 30% amid concerns about its cautious near-term guidance and a Federal Trade Commission (FTC) probe of its Uber One subscription service. The Federal Reserve's warning of slower rate cuts in 2025 exacerbated that selling pressure. However, I believe that pullback might represent a golden buying opportunity for long-term investors.Uber owns one of the world's largest ride-hailing and food delivery platforms. Its total number of monthly active platform customers (MAPCs) grew from 91 million at the end of 2018 to 161 million at the end of the third quarter of 2024.Image source: Uber.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool