5 Best Long-Term Stocks to Buy Now for High Returns

3. Uber Technologies, Inc. (NYSE:UBER)

3-year Revenue Growth: ~16.6%

Number of Hedge Fund Holders: 147

Market Capitalisation: ~$146.1 billion

Average Upside Potential: ~45.2%

Uber Technologies, Inc. (NYSE:UBER) is one of the Best Long-Term Stocks to Buy Now for High Returns. On May 18, Bloomberg reported that the company raised its stake in the German food-delivery company Delivery Hero SE. Now, the company owns 19.5% of Delivery Hero post the acquisition of additional shares and instruments, and a further 5.6% in options.

Delivery Hero has now ​confirmed that it had received a ‌takeover offer from rival Uber, valuing the company at 33 euros ($38.29) per share.

Uber Technologies, Inc. (NYSE:UBER) continues to make acquisitions overseas in a bid to bolster its position internationally. Notably, the rivals, such as DoorDash, are also making such moves, including the acquisition of UK delivery service Deliveroo, added Bloomberg. With Delivery Hero’s presence across over 60 countries, Uber Technologies, Inc. (NYSE:UBER) can have a better view of the markets where it’s lagging behind DoorDash’s Wolt unit.

Uber Technologies, Inc. (NYSE:UBER) develops and operates proprietary technology applications.