10 Best TaaS Stocks to Buy in 2022

Are you planning to invest in the best TaaS stocks? If you want to start investing or continue developing your portfolio, it can be a good idea to keep an eye out for emerging trends in the financial world. 

If you want to be successful with your investments, you must remain ahead of the curve in many situations. You can use this simple tactic to purchase stocks positioned for future growth. 

TaaS is a flourishing sector, and expanding your company as it enters an industry that is just starting could be a fantastic opportunity for you. If you are unfamiliar with TaaS but are interested in learning more about it, here we are for you.

This guide will discuss what TaaS offers, why investing in it is a good choice, and how to include it in your portfolio. The following information will be hugely helpful to you.

What exactly does "TaaS" stand for?

People increasingly use a trend known as TaaS (Transportation as a Service), also known as MaaS (Mobility as a Service). This allows them to enjoy the benefits of comfortable transportation without having to own cars.

It is a new way of thinking that attempts to reduce carbon emissions and the number of people stuck in traffic jams. 

At the same time, it provides people with more freedom, convenience, and fewer responsibilities. However, what exactly does it mean for a business to offer TaaS?

The following are some of the services that are provided by businesses that offer TaaS:

• Leasing automobiles to the customers

• Co-transportation

• Food delivery

• Organizing schedules for cars, both those with and without drivers.

  
  

There is a possibility that in the not-too-distant future of transportation, self-driving automobiles and airplanes may both be used to navigate large cities. 

Thus, it's a fact that owning a car is becoming less significant, especially with the emergence of alternative means to travel.

What does "TaaS Stock" stand for?

When a public firm in the software as a service (TaaS) market offers TaaS equities, examples include Uber (NYSE: UBER), Lift (NYSE: LYFT), Yandex (NYSE: YNDX), and Domino's Pizza (NYSE: DPZ).

Stocks are an investment. But should you use it to invest anyway? If you buy a stock and the price of that stock goes up after you buy it, the value of your investment will increase. 

Therefore, if you want to invest, you need to be able to evaluate a stock for yourself.

List of 10 best TaaS stocks to buy in 2022

1. DoorDash

DoorDash is a top-rated food delivery service in the United States. The company was founded in 2013. Additionally, it has its own TaaS app, allowing users to place food orders.

DoorDash's stock was trading at $193.79 per share at the beginning of 2021. But it has since dropped to its current price of $133.79 per share. The corporation did not pay any dividends to its shareholders. 

On average, the price of this TaaS stock remained in a narrow range between $130 and $140. As of July 2022, one share of the company's stock was at the purchasing of $78.708.

In 2020, the firm's revenue was $2.9 billion; despite losing money, the amount decreased. However, DoorDash made 69 percent more money in 2021, equivalent to $4.88 billion.

2. FedEx

The price of a share of FedEx Corporation stock increased from $138.48 in 2020 to $306.26 in 2021. This hence makes it an attractive investment opportunity in the TaaS sector. 

In addition, the corporation pays a significant dividend to its stockholders in the amount of 0.65. But, in 2022, one share of the company's stock is valued at $231.35.

FedEx provides excellent shipping and transportation services to customers located all over the world. This contributes to establishing a network that facilitates the delivery of packages from one individual to another.

3. Uber

Uber is one of the best ride-sharing apps utilized most frequently worldwide. The company has come a long way since it was founded in 2009.

Last year, the TaaS share price for Uber was $35.26. There has been huge consistent inflation for the past year, and the price is $47.42. The typical cost is somewhere in the range of $40 to $50. 

Around $34.00 was the price of a share of UBER stock trading on the NYSE in February 2022. 

4. Lyft

Zimride was the first company that gave birth to Lyft, which launched in 2012. The company's primary objective was to provide private ride-sharing services that were secure and available for longer distances.

Since 2020, the Lyft stock price has increased consistently, going from $33.01 to $37.65 as of the time this article was written. 

On average, a single share's price is between $45 and $50. There are currently no dividends being distributed by the corporation to its shareholders. The price of one share of LYFT stock was $14,700 as of July 2022.

5. Yandex

Another firm that assists individuals in getting around is called Yandex. It is largely successful in Russia. The firm that now owns it, Yandex NV, made it available to the public in 2011. 

The previous year, there has been some basic fluctuation in the price of Yandex stock. The price of one share of Yandex stock was $40 in 2019. But it had fallen to $33 by the beginning of 2020 and was last seen at $18.94. 

The corporation does not pay out dividends to its shareholders.

6. Matson Inc.

People worldwide can receive assistance with logistics, shipping, and transportation from Matson Inc. Since its founding in 1882, this business ranks among the earliest examples of technology as a service provider. 

Over the past year, investors have seen significant appreciation in the value of Matson Inc. shares. In 2020, one share was worth $26, but in 2021, the same share will be valued at 63 dollars. 

Dividends are another way that shareholders can profit financially from their investment in a company. 

7. Global logistics echo

In 2005, Echo Global Logistics was established to help clients simplify their transportation needs by outsourcing their transportation services.

The price of a share of Echo Global TaaS stock is projected to increase to $120.66 in 2021. Previously it stood at $21.62 in 2020.

The price has been gradually climbing, and the TaaS stock prediction stated that it was probable that this trend would continue into the foreseeable future. 

At that time, the price of a share of stock typically ranged between $115 and $120. The dividends that the corporation distributed were equal to $0.52 per share.

8. Expeditors International of Washington

Expeditors International of Washington opened its doors in 1979 with a single location in the city of Seattle, Washington. Currently, the business operates out of 357 locations across the globe, each equipped to provide high-quality transportation services.

The cost of one share of stock has increased from $75.60 in 2020 to today's price of $101.56. The price has been gradually increasing, and TaaS stock forecasts it will continue to do so even in the future. 

On average, the price of one share of common stock ranges between $115 and $120. The dividends that are paid out to shareholders are equal to $0.52 per share.

9. GATX

Regarding renting out train carriages, GATX is among the best organizations in the world. Since its founding in 1898, this corporation has operated railcars across multiple continents, including North America, Europe, and Asia.

The price of a GATX share has increased from $59.39 in 2020 to the current level of $105.59 per share. 

Additionally, the business distributed dividends of 0.48 and 0.5 in 2020 and 2021, respectively. It is one of the most reliable TaaS stocks, considering the pricing and the dividends.

10. Union pacific corporation

Since its founding in 1862, the Union Pacific Corporation has been a freight railroad that operates across the United States. It operates in 32 states across the United States and ensures that packages are delivered on time and without incident.

The price of a share of stock in Union Pacific Corporation has increased from $166.67 in the year 2020 to $243.71. 

The typical cost is somewhere in the range of $220 and $230. Additionally, the corporation provides dividends to its stockholders at a rate of $0.97 each quarter.

According to the TaaS stock forecast, prices are expected to continue increasing because the company is well-known and pays large dividends.

Why should you invest in TaaS stock?

It would simply help if you tried to figure out what will happen to your money before you invest by gaining as much knowledge as you can about the sector before you do so. 

It would help if you considered investing in TaaS stocks for several reasons, including the following:

1. There is no such need to pay for extra car expenditures 

A few years ago, driving one's vehicle was universally regarded as the most convenient method of transportation. But these days, more consumers opt to use TaaS services rather than purchasing their vehicles.

This is because you do not have to pay for gas, repairs, insurance, or other expenditures. This is the primary reason why this is the case.

2. Saves time by not looking for parking lot

You won't have to look for a parking spot when you commute, saving you significant time each day.

3. Enable people to carpool one another 

TaaS services enable people to carpool with one another, which is another reason they are beneficial to the environment. This reduces the number of carbon emissions as well as the amount of fuel used. 

Additionally, car manufacturers are going in the direction of producing electric-powered automobiles.

4. Prices will go higher. 

According to the TaaS stock forecast, prices will increase as more people utilize TaaS services. This will cause the demand for these services to increase. Well, this indicates that you will be able to make money off of them in the future if you invest money in them today.

How to buy & from where to buy TaaS stocks?

You can purchase stocks in a company that provides TaaS the same way you would buy stocks in any other company. If you are considering investing in stocks, the following are important actions that make logical sense to take:

1. Create an account with a brokerage firm or an investing company

You need to give basic ID information at this phase. Later on, you can choose how you want to finance your account after that. This step is very straightforward.

You can invest on your own or work with a broker.

If you want to purchase or sell stocks, using an online stock broker can be the quickest way. To purchase the stocks, you might hire a stockbroker who offers a broad range of services or go directly to the corporation.

2. Research

Do investigate the many TaaS businesses available to you before investing in one. To better understand which TaaS stocks you should buy, read the companies' reports and stock histories and keep an eye on their stock prices.

3. Determine the total amount of money you are ready to spend

It would help to decide how much money you have available to invest and then keep going. Invest your money in either individual stocks or mutual funds, depending on your preference.

Shared ownership in a single firm is referred to as stock. And mutual fund refers to a collection of stocks issued by various corporations. Both options come with their share of advantages and disadvantages.

4. Decide on the stock order type.

It would help if you chose between a market order and a limit order depending on how you intend to make your investment in TaaS. Utilize a market order if instantaneous stock purchases are something you're interested in doing. 

Using a limit order, you can exert influence over the price of a stock. An order to buy or sell securities at a specified price or one that is better than that price is known as a limit order. 

But there are situations when the transaction cannot be completed. This occurs most frequently when the conditions that you specified are not satisfied.

5. Watch how your money is doing at all times.

You must constantly monitor your investment if you hold a piece of the TaaS market. 

This is sound guidance for every investment, whether you're looking for a solid IRA or a good Robo advisor. Keep a closer eye on a TaaS ticker and monitor the changes in the stock market.

Related questions: FAQs

1. What does it mean to provide TaaS service?

The use of technology such as transportation as a Service (TaaS) is the way of the future. Transportation as a Service (TaaS) makes it feasible for people to travel in ways that are less harmful to the environment. 

The whole society is shifting toward more environmentally conscious ways of living. This covers renting automobiles, sharing transportation, and delivering food to your home.

2. How much does each TaaS shareholder cost?

The individual companies determine prices for stocks in TaaS. Enterprises operating for a considerable time typically have significantly greater stock prices. Some newer businesses have significantly lower stock prices. The rates often range anywhere from $15 to $220 most of the time.

3. Is it a good idea to invest in TaaS stock?

Yes! As the sector expands, it has become clear that investing in TaaS stocks is a sound financial decision. In the coming years, it is anticipated that an increase in the number of individuals transitioning to TaaS services will occur. 

The stocks of TaaS companies Uber and DoorDash are two of the most actively traded on the market today.

4. What is a good time to purchase shares of TaaS?

As a result of the COVID-19 pandemic, according to the experts, their revenue in 2020 was significantly lower than anticipated. Even though its stock price fell the most on the first day it went public in 2019; the company has a solid reputation in the industry.

5. Is TaaS a form of cryptocurrency?

TaaS (TAAS) is a digital currency token that runs on Ethereum. There are currently 8,146,079.079 units of TaaS. The last known price of TaaS is $1, which is up 5.23 percent in the last 24 hours. It is being traded on 2 active markets right now, and $515.50 worth of it has changed hands in the last 24 hours.

The bottom line

TaaS provides consumers with a new way to commute and travel that is more convenient, less expensive, and difficult to park than owning a car. This saves the user time and makes things more convenient.

TaaS companies concentrate mostly on ride-sharing and vehicle rental but also provide delivery services.

Certain businesses want to rapidly deploy more autonomous vehicles, including automobiles and aircraft, to enhance their services further. You can buy shares of TaaS companies in the same way that you would buy shares of any other company.