Raymond James says 25% revenue growth over the next five years is attainable for ride-hailing company Uber.
With 93 million monthly active platform customers globally using Uber's "offline app" for transportation and food delivery, Raymond James says 25% revenue growth over the next five years is attainable for the ride-hailing company.
With 93 million monthly active platform customers globally using Uber's "offline app" for transportation and food delivery, Raymond James says 25% revenue growth over the next five years is attainable for the ride-hailing company. Investor's biggest concern since Uber's initial public offering last month is its path to profitability. Patterson recognizes the company's shares have been pressured on these "reasonable concerns." However, internet businesses are increasingly shifting to offline from online and Uber has capitalized on that early, which creates a better long term strategy, he said.
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