September is a month marked by several significant events that have a direct impact on various sectors of the economy. Students returning to colleges and universities, the resumption of student loan repayments, and the start of the NFL season all contribute to increased demand and economic activity. Investors are eyeing opportunities in the stock market.\u00a0 In this article, we will explore three promising stocks to buy in September, taking into account the unique factors that make this month a lucrative one for investors.<\/p>\n
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Uber, (UBER:NYE<\/a>) the nation’s largest rideshare operator, experienced a substantial uptick in rides during September. College and university students, in particular, account for a significant portion of Uber’s September traffic as they return to campuses and frequent local establishments such as stores, bars, and clubs.<\/p>\n <\/p>\n Uber has consistently demonstrated growth in its rideshare and food delivery businesses, including Uber Eats. It has managed to outperform its competitors, most notably Lyft Inc. (LYFT:NSD<\/a>), and has solidified its position in the market. With monthly active platform users reaching 137 million and the company reporting its first operating profit of $326 million in Q2 2023, Uber is on a path to continued success.<\/p>\n <\/p>\n The average price target for this stock is USD 55.11 which shows an upside potential of 17.16%. This value ranges as high as USD 75 and as low as USD 38 for September 2024.<\/p>\n <\/p>\n The average analyst rating is Strong Buy for UBER stock. Stock Target Advisor\u2019s analysts are Bearish, which is based on 2 positive signals and 6 negative signals. At the last closing, Uber’s stock price was USD 47.04 and this price has changed by +6.55% over the past week, +4.07% over the past month, and +61.93% over the last year. Strong buy consensus makes this a stock to buy in September.<\/p>\n <\/p>\nSteady Growth and Market Dominance:<\/h2>\n
UBER Stock Forecast:<\/h2>\n
Analysts Ratings:<\/h2>\n