We recently published a list of 10 Best Stocks to Buy and Hold For 2 Years. In this article, we are going to take a look at where Uber Technologies, Inc. (NYSE:UBER) stands against other best stocks to buy and hold for 2 years.

Will The Tech Stocks Continue to Rally?

On March 27, CNBC reported that the stocks dipped on Wednesday, led by the technology sector. The S&P 500 dipped around 1.12%, followed by the Dow Jones, which fell by 132.71 points. More notably, the technology-dominated NASDAQ dropped by 2.40% closing at 17,899.01 points. The drop in the stock market was further aggravated by the White House’s announcement of new tariffs on auto imports.

To talk about the future of technology and artificial intelligence Doug Clinton, Intelligent Alpha founder, joined CNBC for an interview on March 29. He mentioned that it has been more than a month now that the big technology names, especially artificial intelligence companies, are not performing so well. However, despite the recent dip, Clinton maintained his bullish sentiment for the sector. He pointed out that if we zoom out of the current situation and look at the sector from two to three years from today, we will still see AI stocks rally and large capital expenditure bills. Clinton pointed out that if you are a believer in AI trade it is important to remember that the market has had more than two years of absolutely no turbulence. This period of stability started from the end of 2022 to the beginning of 2025. Clinton categorized the current dip as the first real challenge for the AI trade. Referencing history, he pointed to the Dot Com era, when the Dot Com trade faced its first real challenge. The turbulence took 200 days to reach a new NASDAQ high back then. He clarified that this does not mean that the current turbulence will last 6 months, however, if someone believes in the AI trade then they need to be patient through the dip.

READ ALSO: 10 Best Stocks to Buy and Hold For 3 Years and 12 High Growth Non-Tech Stocks That Are Profitable in 2025.

While talking about the valuations, Clinton highlighted that the question is about the kind of risks an investor wants to take during the trade. He noted that investors can choose to trade during the turbulence by exiting the market at high times, however, the risk is that the AI stocks can rise 20% to 30% in no time, making it difficult for investors to get back in. Clinton pointed out that he is looking at this trade from a two to three years lens. He believes that this will give him enough exposure and will also reduce the risk of missing out on the bigger picture.

Our Methodology 

To compile the list of 10 best stocks to buy and hold for 2 years we sifted through financial media reports. From these sources, we shortlisted stocks with more than 20% sales growth over the past 3 years. Next, we ranked these stocks in ascending order of the number of hedge fund holders, sourced from Insider Monkey’s Q4 2024 database.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Uber Technologies, Inc. (NYSE:UBER)

3-Years Sales Growth: 36.07%

Number of Hedge Fund Holders: 166

Uber Technologies, Inc. (NYSE:UBER) is an international technology company that provides mobility, delivery, and freight solutions. It operates in more than 70 countries providing millions of rides daily. On March 25, Bank of America Securities analyst Justin Post maintained a Buy rating on the stock.

Hardman Johnston Global Equity Strategy in its Q4 2024 investor letter, mentioned that Uber Technologies, Inc. (NYSE:UBER) has a 65% market share in almost all the ride-sharing categories across the countries it operates in. The fund sees the company sustaining healthy top-line growth over the next three years, driven by tailwinds from expansion, product innovations, and its expanding network.

Moreover, during the fiscal fourth quarter of 2024, Uber Technologies, Inc. (NYSE:UBER) grew its gross bookings by 18% year-over-year. This resulted in the revenue growing 20% during the same time to reach $12 billion. Management noted that increased demand for its mobility and delivery segments is helping it achieve above-expectations results. It is one of the best stocks to buy and hold for 2 years.

Hardman Johnston Global Equity Strategy stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q4 2024 investor letter:

“During the quarter, we initiated three new positions in Lennar Corporation, Bank of America Corp., and Uber Technologies, Inc. (NYSE:UBER). Uber is a leading platform company that facilitates ride-hailing, food delivery, and freight booking services, which each represent large and underpenetrated markets. Uber is active in more than 10,000 cities and approximately 70 countries globally, and Uber is a market leader with more than 65% market share in nearly all ride-sharing regions in which it operates. Uber should continue to benefit from secular tailwinds, product innovation, expansion, and network effects. The cross-selling of the Uber One membership program should drive both loyalty and engagement. International markets represent half the business and continue to be an important growth driver. Overall, we see sustained healthy topline growth for the company over the next three years with some insulation to global economic trends.”

Overall, UBER ranks 3rd  on our list of best stocks to buy and hold for 2 years. While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UBER but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: None. This article is originally published at Insider Monkey.