Wells Fargo names ride-share company Uber (UBER) a top mobility stock for 2024 after seeing massive gains in 2023.
Wells Fargo Senior Analyst Ken Gawrelski comments on Uber’s growth outlook moving into 2024 and its dominant market share over competitor Lyft (LYFT).
“We’re roughly [at] 70/30 market share, a couple points here or there. Uber with the leadership share, Lyft at the number two spot,” Gawrelski tells Yahoo Finance. “I would call this a pretty rational duopoly, and certainly they fiercely compete for riders and drivers.
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