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5 Hot Growth Stocks To Buy Now

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In this article, we discuss 5 hot growth stocks to buy now. If you want to see more hot growth stocks, go directly to 10 Hot Growth Stocks To Buy Now.

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

Revenue Growth Rate over Last 12 Months: 95.71%
3 months return: 33.01%
Number of Hedge Fund Holders: 142

Uber Technologies, Inc. (NYSE:UBER), a ride-sharing and food delivery firm, has great growth prospects for the upcoming year. In 2023, Uber (UBER 5.53%) may have both business areas working at full capacity. Uber has a 71% share of the ride-sharing industry in the United States as of 2022. The company shares have offered 33.54% returns to investors over the past month. Uber reported a 49% increase in revenue to $8.6 billion for the fourth quarter. With the ride-hailing mobility category seeing an even sharper 31% growth rate, gross bookings increased by 19% year over year.

The fundamentals of Uber also appeared stronger. The number of active platform users every month increased by 11% to 131 million. Over 2.1 billion journeys were made in total, up from 1.77 billion in the same time last year. Additionally, the firm now has access to the freight transportation market thanks to the acquisition of Transplace, which gave overall revenues a modest but quickly-rising boost.

After Uber’s Q4 earnings beat expectations, Goldman Sachs analyst Eric Sheridan increased his price target for the company to $47 from $45 on February 8 while maintaining a Buy rating for the shares. In addition, fund managers added to their Uber holdings in the third quarter. There were 142 hedge funds in our database that held stakes in Uber Technologies, Inc. (NYSE:UBER)’s at the end of the third quarter, compared to 129 funds in the third quarter. First Pacific Advisors LLC is the company’s most significant stakeholder, with 2.62 million shares worth $64.74 billion.

RiverPark Funds shared its outlook on Uber Technologies, Inc. (NYSE:UBER) in its Q3 2022 investor letter. Here’s what the firm said:

“Uber was our top contributor for the quarter on better-than-expected 2Q results, and 3Q EBITDA guidance that was well ahead of Street estimates. The company reported 33% Gross Bookings growth from both the continued recovery of Mobility Gross Bookings, up 55% year over year, and the continuation of Delivery Gross Bookings growth, up 7% year over year. Overall, revenue grew 105% year over year to $8 billion, generating $364 million of adjusted EBITDA, up $873 million year over year. Management guided to 25%-30% gross bookings growth and adjusted EBITDA of $440-$470 million for 3Q. Significantly, FCF was positive at $382 million, up $780 million year over year, and remains on track to be positive for the year allowing the company to self-fund future growth…..(Click to read the full text).”

Follow Uber Technologies Inc (NYSE:UBER)

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AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

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Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…