Jamie Murray Uber UBER-N BUY Aug 27, 2024

Tesla's reputation has taken a hit this year due to Musk's highly polarizing involvement with Trump. This has taken the robotaxi story off the table, allowing Uber to roar. But robotaxis were never a threat to Uber in the first place.

Like Tesla, they need to get to self-driving cars and to be the first there. It's anyone's guess if they do. It's okay to hold a small amount, but not a lot.

Rough ride along with the market. Good component of a portfolio, given all the tariff situations. Part of the issue is that the market incorrectly looks at autonomous driving as having one winner and the rest losers. See his blog at goodreid.com under Insights.

Largest ride-sharing and delivery company in the world. Great business model. His son at university uses it all the time (and Richard's paying for it). New CEO has done a spectacular job. Profits are on the rise. Ride-sharing is slightly less than 1% of all driving, massive opportunity ahead. Expanding to smaller cities. Robotaxis are in their future. No dividend.

Missed 2 key metrics. Past year has been quite sideways, more of a trading stock. Above 200-day MA, but that 200-day MA has been quite flat. Forward earnings estimates have ratcheted down a bit, but you're still paying ~30x forward PE. That's problematic. 200-week MA seems to be steadily moving higher.

Longer term, will face lots of competition in the space as well as regulatory risk.

They recently announced agreements with two robo taxi companies. Amazon's model is one app for everything, all sellers, and Uber could replicate this system which would be significant. Robo taxis are already running in California, Also in Austen Texas where Waymo's robo taxis have 99% more riders than cars with drivers, but at this this point there are only 100 driverless cars. There are several advantages to driverless cars including the response to calls is immediate.

The rides and Uber Eats are growing rapidly. Advertising boasts 175 million active users of the Uber app, and they can still capture more of the ad potential. Their freight division should be set aside; it's distraction. Also, their self-driving business will be exciting for Uber.

Tariffs have taken a bit of a back seat, so now focus is returning again to robotics and robotaxis. Only 3 are in that race -- UBER, Waymo, and TSLA. He particularly likes Waymo, and then TSLA. 12-month price target is $115.

Can continue to deliver solid topline growth. Good company, though he has questions about it and is watching. Worried about robotaxis. Waymo seems to have some serious traction right now. UBER has the distribution and the software. 

The fundamentals are excellent. It will break $100 and will be up for many years.