Uber Technologies Inc. (UBER) is currently trading near its all-time high, prompting investor interest about potential purchases. Despite a disappointing unveiling from Tesla’s recent Robotaxi event, Uber's stock has seen a significant 45.8% increase since the start of 2024, with shares exceeding the $85 mark. The company's expansion into ride-sharing and food delivery services has positioned it for growth, while analysts suggest further potential upside in the coming years. Total gross bookings surged 19% year-over-year to $40 billion, with trips increasing by 21% to 2.8 billion. Although investing now may seem expensive, many believe that Uber is in a 'buy now' phase, particularly with anticipation for strong Q3 earnings potentially propelling the stock to new heights.

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