Uber's Q4 results were strong, with 20% y/y revenue growth and a 386.4% y/y increase in EPS, but Q1 guidance was softer due to exogenous factors. Concerns over autonomous vehicles (AVs) are overblown; regulatory frameworks are nascent, and competitors like Waymo and Tesla are not immediate threats. Despite recent stock underperformance, Uber's long-term growth story remains intact, with significant upside potential and a new price target of $103.
Uber (UBER 8.54%) reported quarterly financial results that caused the stock price to fall.
This business is undervalued because of overblown concerns about driverless car technology.
Uber Technologies, Inc.'s Q4 earnings showed record revenues and bookings, but missed operating income estimates due to a legal settlement, causing a stock drop. Despite short-term headwinds, Uber's growth, share buybacks, and AV market positioning make it scandalously undervalued, with the potential to hit a $1 trillion market cap by 2030. Risks include ongoing legal fees and competition from AV giants like Tesla and Waymo, but Uber's strategic partnerships should mitigate these threats.
Here, we assess the investment worthiness of Uber stock.
Uber Technologies Inc UBER shares are up on Thursday, despite the company reporting an earnings miss for the fourth quarter.
Buy The Pullback: Maintaining Uber With A Buy
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
I believe the Uber Technologies, Inc. post-Q4 earnings selloff was overdone, as the slowdown in bookings growth was likely driven by external, one-off factors rather than a fundamental business decline. The company's expansion into less dense areas and the deployment of robotaxis could sustain the historical double-digit bookings growth, despite some regulatory risks concerning AVs. From a price action perspective, I see the share price trading close to a historical support level. The options market sentiment is very bullish in the short term.
Ivan Feinseth stands by Uber Technologies (UBER) despite the company's post-earnings sell-off. He considers its deceleration a buying opportunity.
UBER's fourth-quarter 2024 earnings and revenues improve year over year.
Dara Khosrowshahi, Uber CEO, discusses the expectations for autonomous vehicles.