12 Most Profitable Growth Stocks to Buy According to Billionaires

Page 6 of 11

6. Uber Technologies Inc. (NYSE:UBER)

TTM Net Income as of August 4: $12.29 billion

Number of Hedge Fund Holders: 145

Dollar Value of Billionaire Holdings: $1.72 billion

Number of Billionaire Investors: 22

Uber Technologies Inc. (NYSE:UBER) is one of the most profitable growth stocks to buy according to billionaires. On July 29, UBS analyst Stephen Ju raised the firm’s price target on Uber to $115 from $107 while keeping a Buy rating on the shares. Q1 2025 was a profitable quarter for the company, with trips increasing by 18% year-over-year to 3 billion, which was driven by a 14% growth in Monthly Active Platform Consumers/MAPCs to 170 million.

The company’s profitability saw an improvement. Income from operations was $1.2 billion, which was up by $1.1 billion from the previous year. Net income attributable to Uber was $1.8 billion, which included a $51 million net benefit from revaluations of equity investments. At the end of the quarter, the company held $6 billion in unrestricted cash, cash equivalents, and short-term investments.

Looking ahead to the second quarter of 2025, Uber provided a positive outlook. The company anticipates Gross Bookings to be between $45.75 and $47.25 billion in Q2, which would represent a constant currency growth of 16-20%.

Uber Technologies Inc. (NYSE:UBER) develops and operates proprietary technology applications that operate through 3 segments: Mobility, Delivery, and Freight.

Page 6 of 11