Uber: Chart Breakout from a Cup with Handle Formation. These are the Growth Drivers of Uber - becoming the Everything App!
Reading Time: 2 minutes
A significant breakout to a new 52-week high has started for Uber . The stock is moving out of a cup with handle formation, typical for growth stocks. What are the growth drivers? The core segments of Mobility and Delivery are growing at double-digit rates, supported by the expansion into smaller cities and less densely populated markets, which scale significantly faster than urban centers. A key lever is platform synergies. Users who utilize both Rides and Eats spend multiples more, and the cross-selling potential is far from being fully realized....
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