Summary: Uber Technologies is a transportation and mobility services company listed on the New York Stock Exchange. In this guide, you will learn how to buy Uber stock with an online investment platform such as eToro.
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About Uber
Uber Technologies, Inc. (NYSE: UBER) is a leading global company in the ride-sharing and mobility services industry. Since its inception in 2009, Uber has expanded its services to include food delivery, freight transportation, and more. Uber operates in over 60 countries.
How to buy Uber stock: Step-by-step
Uber went public in 2019, trading on the New York Stock Exchange (NYSE) under the ticker UBER.
To buy Uber stock, follow these steps:
- Find a broker: Find a brokerage platform that lists UBER stock;
- Research the company;
- Register and fund your account;
- Place a trade: Find UBER stock on the broker’s platform and place a trade;
- Monitor your investment.
Step 1: Find a broker
To start investing, you will need to find a reputable broker that offers Uber shares for sale. There are numerous brokers on the internet, so compare those that catch your attention to find one that suits your needs and investment strategy. You can start by considering the following factors:
- Fees: Commission-free trading can help you maximize your returns;
- Account Minimums: If the minimum deposits are too high, you might not have the budget to open an account;
- Account Options: Cash accounts let you invest only the money you have; margin accounts allow you to borrow money before investing, which is a bit riskier;
- Customer Support: Choose brokers that provide educational resources, market news, and responsive customer support.
Our recommended broker for investing in Uber and other stocks is eToro, a trading platform with features such as:
- Commission-free stock and ETF trading;
- Over 2,000 stocks from 17 different exchanges;
- Fractional shares;
- Charting tools;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Step 2: Research the company
Before buying Uber stock, it’s crucial to thoroughly research the company and evaluate its stock performance, both current and historical. This involves two main types of analysis:
- Fundamental analysis: Assess the company’s intrinsic value by examining its financial health, including revenue, profit margins, and growth potential.
- Technical analysis: Analyze the stock’s past performance and use chart patterns to forecast future price movements.
Moreover, take into account other important factors such as Uber’s market position, expansion strategies, and industry trends within the ride-sharing sector.
Step 3: Fund your account
Once you’ve found a suitable broker, you can register an account. The process varies from broker to broker, but it typically involves following simple instructions and going through a know-your-customer (KYC) verification. That is, you might have to provide some ID to confirm your identity (which helps prevent money laundering).
As for the funding, major brokers nowadays offer a number of funding options, such as:
- Bank transfers;
- Credit/debit cards;
- E-wallets;
- Third-party payment systems like PayPal.
Step 4: Place a trade
With your account funded, you can buy Uber stock by following these steps:
- Log in to your broker’s trading platform;
- Search for Uber stock using its ticker symbol, UBER;
- Enter the number of shares you want to purchase or the dollar amount you wish to invest;
- Choose the type of order you want to place (i.e., market, limit, stop-loss, etc.);
- Review the details of your order;
- Execute the trade.
Different orders can summarized as such:
- Market order is an instruction to the broker to buy or sell the stock immediately at its current market price;
- Limit order lets you set a specific price at which you wish to buy or sell a stock;
- Stop-loss order triggers the sale of a stock when its price reaches a predetermined level.
Step 5: Monitor your investment
While all stock investments are inherently risky, regularly monitoring your investment’s performance can help increase your chances of profit a lot. That involves examining Uber’s financial statements, quarterly earnings reports, and press releases. Additionally, keep track of:
- Key performance indicators such as revenue, net income, and market share;
- Industry trends and competitors like Lyft and DoorDash;
- Broader economic conditions that could affect the ride-sharing and mobility services industry.
By staying informed, you can make well-educated decisions about whether to hold, buy more, or sell your shares.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
Uber stock price today
Pros and cons of investing in Uber
Pros
- Global Reach: Uber operates in over 60 countries, so you can get exposure to foreign markets;
- Diversified services: Uber’s services now go beyond ride-sharing, so it does not depend on one source of revenue;
- Strong brand recognition: Uber is a well-known and widely used brand worldwide;
- Potential partnerships with autonomous vehicle (AV) companies: There are signs that partnerships with companies such as Tesla could help Uber and other similar companies.
Cons
- Regulatory challenges: Uber faces regulatory hurdles in various markets which can impact operations;
- Competitive market: Uber faces strong competition from other ride-sharing companies and new market entrants;
- No dividends: Uber does not pay a dividend.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Uber stock
Does Uber have a stock?
Yes, Uber is publicly traded on the NYSE under the ticker symbol UBER.
What is the Uber stock symbol?
The Uber stock symbol is UBER.
Did Uber stock split?
As of 2024, Uber’s stock has not undergone any stock splits.
How can I buy Uber stock?
You can buy Uber stock through an online brokerage platform like eToro.
Where to buy Uber stock?
You can buy Uber stock on online investment platforms such as eToro.
Does Uber pay dividends?
Uber does not pay dividends.
Is Uber a tech stock?
Yes, Uber can be considered a tech stock.
Is Uber profitable?
Yes, Uber is considered profitable as of August 2024.
How much is Uber stock worth?
As of August 2024, Uber stock is worth around $124 billion.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
