January 30, 2023

Gig Stocks Aren’t Working but One Analyst Is Bullish On Uber and DoorDash

It would be an understatement to say that gig-economy companies have been a bad long-term bet for investors.

Uber

Technologies stock (ticker: UBER) went public in May 2019 at $45 a share, and now trades for just under $30.

Lyft

stock (LYFT) had gone public about two months earlier at $72 a share, and currently sits under $16. The

DoorDash

‘s (DASH) initial public offering priced stock at $102 in December 2020, right smack in the middle of the pandemic, and now sits at just over half that level, $56.50.

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