"Millions of consumers rely on Uber," says @LikeFolio's Megan Brantley, which she considers an excellent indicator that Uber Technologies (UBER) remains in good health. Autonomous driving became the biggest disruption to its business, but Megan says the company can leverage that evolving tech through partnerships.
Uber (UBER) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Uber stock hasn't made decisive gains past the $80 level for one year. Are investors too concerned about being disrupted by robotaxi? Uber's leadership in ride-hailing and delivery, coupled with its growing active user base, solidifies its competitive moat and opens new monetization avenues. Uber's growing active user base offers tremendous defense against Tesla's threat to upend its platform economics.
Uber's stock faced a 30% drawdown due to AV concerns but rebounded with strong results and Bill Ackman's investment, though it's still down 10% over the past year. Uber's future in an AV-dominated world is debated, with some seeing it as a potential loser and others viewing it as a key AV aggregator. Uber's business remains exceptionally strong, and investors shouldn't let the AV noise take all of their attention.
UBER's sideways trading since mid-2024 has already helped moderate part of the massive gains observed since 2022, allowing the stock to grow into its previously expensive valuations. This is significantly aided by the cheaper forward valuations, richer profit margins, and healthier balance sheet, allowing them to outperform despite the intensified autonomous investments. UBER has already hinted at its ongoing (and potentially rather successful) efforts in Austin, Texas, as they launch the Waymo robotaxi on its platform from March 2025 onwards.
The Investment Committee give you their top stocks to watch for the second half.
Uber Technologies (UBER -2.37%) has left investors with a range of views. On the one hand, it has performed well in recent quarters, delivering growth and profits.
Travis Kalanick, the former CEO of Uber, made it clear on Wednesday: he believes the company's decision to abandon its autonomous driving program was a mistake. Said Kalanick at the Abundance Summit in L.A.
Here we asses the investment worthiness of UBER stock at a time when its shares are moving south.
The company operates a similar business to my top stock to buy, Uber (UBER -3.30%).
Uber Technologies has ended its acquisition of Delivery Hero's Foodpanda in Taiwan, the Germany-based tech firm said on Tuesday.
Uber has decided terminate its agreement to acquire Delivery Hero's Foodpanda business in Taiwan and will pay a termination fee of around $250 million, the food delivery company said on Tuesday.