The S&P 500 has shown a 14% increase in 2024, making it challenging to find stocks at reasonable prices. However, analysts believe that Uber Technologies (NYSE: UBER) and Roku (NASDAQ: ROKU) are undervalued.
Morgan Stanley’s Brian Nowak predicts Uber could reach $120 per share by May 2025, indicating a 71% potential upside from its current price of $70 per share.
Ark Invest’s Nicholas Grous and Andrew Kim have a valuation model suggesting Roku could hit $605 per share by December 2026, signifying a 1,000% upside from its current price of $55 per share.
While these targets may seem ambitious, Uber and Roku are still worth considering for investors. Here’s why.
Uber: Potential 71% Upside by May 2025
Uber operates in three segments: mobility platform, delivery platform…
2024-06-26 04:12:00
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