One progress inventory that’s boosted my retirement portfolio just lately is Uber (NYSE: UBER). During the last 12 months, it’s risen about 65% in US greenback phrases (it’s listed within the US).

I stay very bullish on it nevertheless. In truth, that is one among my high inventory concepts for the subsequent decade.

A quick-growing firm

There’s loads to love about this firm from an funding perspective, in my opinion.

Proper now, Uber’s revenues are rising at a speedy fee as the corporate expands into new markets (16% progress’s anticipated this yr). Not solely is it launching in new geographic markets nevertheless it’s additionally including complete new options to its app, resembling the power to guide prepare tickets.

Simply final week, I booked a prepare trip from London to Southampton by means of the Uber app. The benefit was that I obtained a ten% credit score that I can use on automobile rides with the corporate.

However it’s not simply revenues which are climbing – earnings are too. This yr, Uber’s earnings per share are anticipated to rise 11% to $1.03. Subsequent yr, Wall Road analysts anticipate progress of a whopping 114%. This earnings progress – which is one cause the share price is shifting increased – is being pushed by a concentrate on effectivity by CEO Dara Khosrowshahi.

Monumental long-term potential

Trying additional out, that is the place issues get actually thrilling. You see, sooner or later, self-driving cabs (‘robo-taxis’) are prone to be a widespread transportation possibility (they’re already on the roads in some US cities). And Uber appears set to play a significant function within the trade.

On condition that it already has an well-established mobility app with round 150m customers worldwide, it has the proper platform for any automobile producer with autonomous car (AV) expertise that’s seeking to transfer into the robo-taxi house.

As CEO Dara Khosrowshahi just lately mentioned within the firm’s Q2 earnings name: “Put simply, Uber is uniquely positioned to offer tremendous value for AV players looking to deploy their technology at scale. Uber can provide enormous demand without AV players needing to invest capital toward acquiring customers or building the marketplace tech that delivers reliability at the standard that consumers have come to expect.”

So I feel there’s huge progress potential right here.

I’m anticipating bumps within the street

I’ll level out that, whereas I’m very bullish on Uber, I don’t anticipate its share price to rise in a straight line over the subsequent decade. I reckon it’ll be a bumpy trip.

Within the brief time period, the corporate might expertise a progress slowdown if we see additional shopper weak point (the excellent news right here is that Uber tends to serve extra prosperous customers).

In the meantime, in the long run, there are threats to my robo-taxi thesis. Tesla, for instance, might try to launch its personal AV taxi service.

One other subject to concentrate on is regulatory intervention. It is a firm that’s typically focused by regulators as a consequence of the truth that it’s so disruptive.

Taking a long-term view nevertheless, I’m very enthusiastic about this inventory. With Uber’s market-cap sitting at simply $155bn right now, I see lots of room for progress within the years forward.

I plan to proceed shopping for the inventory – which presently has a forward-looking P/E ratio of 33 utilizing the 2025 earnings forecast – on pullbacks.