14 Best Technology Stocks to Invest in for the Long Term

Page 9 of 13

​5. Uber Technologies, Inc. (NYSE:UBER)

5-year Revenue Growth Rate: 31.81%

Number of Hedge Fund Holders: 152

​Uber Technologies, Inc. (NYSE:UBER) is one of the Best Technology Stocks to Invest in for the Long Term. On September 18, Uber Technologies, Inc. (NYSE:UBER) announced its partnership with Flytrex to launch drone delivery on the Uber Eats platform in select US pilot markets by the end of 2025. Flytrex is an authorized drone delivery company.

​This marks the company’s first investment in drone delivery technology. The collaboration integrates Flytrex’s autonomous drones, which are certified by the FAA for Beyond Visual Line of Sight operations, with Uber Technologies, Inc. (NYSE:UBER)’s logistics platform. It aims to offer faster, safer, and more sustainable delivery of food and convenience items. Flytrex has experience completing over 200,000 deliveries in the US, demonstrating operational safety and efficiency.

Uber Technologies, Inc. (NYSE:UBER) plans to expand its delivery network beyond cars, bikes, couriers, and sidewalk robots by including drones, creating a flexible multimodal system. This innovation is expected to reduce delivery times to mere minutes, decrease road congestion, and cut emissions compared to traditional methods.

​Uber Technologies, Inc. (NYSE:UBER) operates a technology platform connecting consumers with transportation, delivery, and logistics services.

Page 9 of 13