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The stock has gained 16.1% over the past month to close yesterday’s trading session at $47.25. However, it has lost 8.7% over the past three months and 13.6% over the past six months. According to a Brodmin report, the global gig economy is expected to reach $455 billion in 2023. However, UBER faces increasing regulatory pressure to reclassify its contractor drivers as employees. So, the stock’s near-term prospects look uncertain.
Here are the factors that could shape UBER’s performance in the upcoming months:
