Uber (UBER)

Company finally free cash flow positive.
Competition weakening.
Appears to have won the transportation market.
On a P/E basis - still expensive - but growing quickly.
Management team performing well.
If continues to grow - will be a good investment.

UBER's sales and earnings have been improving and its outlook is decent, with sales growth of ~17% expected over the next few years and strong earnings growth. Its debt levels are creeping higher, with a debt-to-equity of 1.1 and net debt/EBITDA of 3.6X. Profit margins are improving and it generated a strong level of free cash flow over the past 12 months. Its cash position of $5.5B is strong and its valuation is OK with a forward sales multiple of 2.2X and forward earnings of 30.5X. We feel that the momentum has shifted for UBER and it is now picking up momentum in its earnings leverage. We feel that if sales and earnings growth continue to grow as expected in the coming years that this name can perform quite well.
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Became profitable this quarter. Loves the asset-light business model. It's just the middleman with its technology to connect customers with drivers. No dividend.

The 50-day moving average is around $34. Not a summer trade, which end in July. This may go nowhere this month, though September is historically the worst month. No catalysts for Uber now.

He missed this and won't chase it now. It's had wild ups and downs in its history.

She's been impressed with how the CEO has transformed the company so much that it could be included in the S&P later this year, given positive profitability. She also finds Lyft interesting under a new CEO, more interesting that Uber. She's watching Lyft more than Uber.

Was upgraded today. This is in his top 10. In 13 years, Uber has hit 11,000 cities. Now, they're turning a profit and free cash flow is accelerating. Likes their diversification of revenue, like trucking. But you can't enter it at this level as it's above technical support. Loves the stock.

An analyst reiterated it a top pick today at a $55 price target. Shares have been rallying this year, up 50% in 3 months. He targets $65, an all-time high. Profitability is the story. Note that there's an economic contraction in Europe, so we don't see the strength of Uber's international. If this joins the S&P, it will benefit Uber like it did Tesla. They have dramatically improved the balance sheet and their culture. Stay patient and this will reward you.

A strong believer. Buy now. Uber will be in the S&P one day and will trade at $65-70 in 2-3 years.

Likes it. Uber basically enjoys a monopoly as Lyft tries to figure it out. He just paid $50 for a taxi through midtown Manhattan while Uber is cheaper (some may disagree). The CEO is phenomenal.

Essentially a monopoly. Dominating travel and food businesses. Finally profitable, and stock's gone parabolic. Not cheap. 

Technical breakout now, no question. This is one of the best charts, breaking out on the back of a good earnings report that demonstrated the company can be profitable.

Think self-driving cars and multi revenue streams. Stay long above $36.

He bought a small position before earnings. The stock made a great move when it did. He likes monopolies, and Uber has put a lot of cabs out of business and is taking market share from Lyft. There's more labour to drive their cars. Good CEO.

Uber has incredibly grown in recent years with 2022 net revenues of $31.87 billion, which nearly doubled 2021’s number and outpaced any other year. However, Uber also lost $9.14 billion last year and the street keeps asking, When will Uber turn a profit? Next year, says the company to the tune of $1.4 billion after posting another loss in 2023. Can Uber turn around in time? That’s an open question. Read Travel winners & losers for our full analysis.