I rated UBER as a Sell in late 2023, and its recent bear market decline has validated that thesis. Uber faces potential long-term disruption risks from Waymo and Tesla, but it's too early to ascertain. Investors are likely more concerned over the assessed deceleration of near-term gross bookings growth due to tougher comps.
Uber Technologies and its CEO Dara Khosrowshahi each donated $1 million to U.S. President-elect Donald Trump's inaugural fund, a company spokesperson told Reuters on Tuesday.
Uber Technologies (UBER) has fallen 30% from its all-time high. @LikeFolio's Landon Swan believes the plunge comes from investor concerns around Uber's future in the autonomous driving space, especially with Tesla's (TSLA) positioning in the robotaxi race.
Few businesses have disrupted entire industries like Uber Technologies (UBER 0.53%) has done to the taxi market. The company has become so successful and dominant in its 15-year history that its name is now used as a verb, indicating strong consumer mindshare.
As 2024 comes to a close, investors can consider this stock an excellent value for 2025 and beyond.
Ever since it had its initial public offering in May 2019, Uber (UBER -2.41%) has taken its investors on a bumpy ride. Things were looking up through the first nine months of this year, but as of this writing, shares trade 28% below their October all-time high.
A company called Empower is trying to take on Uber, Lyft and local regulators as it piles up fines and draws new passengers to its service.
Uber's stock has dropped over 30% due to robotaxi fears, but its strong market position makes it indispensable for AV suppliers. Partnering with Uber is economically sensible for AV suppliers. And such partnerships will reduce "cost per mile" on Uber, thereby increasing gross bookings through expanded supply. Uber's fair value is ~$105.5 per share, i.e., UBER is currently undervalued by ~45%. With a 5-year expected CAGR return of ~25.8%, UBER is extremely attractive.
Josh Brown, CEO at Ritholtz Wealth Management, joins CNBC's 'Halftime Report' to discuss his strategy on Uber after buying it yesterday.
Uber dominates the US ride-sharing market with a 74% share, significantly outpacing competitors like Lyft. The company operates in over 10,000 cities globally, offering ride-sharing, food delivery, and courier services. Uber's market leadership and extensive global reach make it a strong contender in the transportation sector. Uber is currently reasonably priced and could be a good long-term investment opportunity.
In today's video, I discuss the bullish case for Uber Technologies (UBER -1.00%). To learn more, check out the short video, consider subscribing, and click the special offer link below.
In this video, I will cover the recent updates regarding Uber (UBER -1.32%) and explain why I'm buying this stock despite all the noise around the company. Watch the short video to learn more, consider subscribing, and click the special offer link below.