
NYSE:UBER
This summary was created by AI, based on 53 opinions in the last 12 months.
Uber's current business model is viewed positively by many analysts, highlighting significant efficiency and profitability improvements over the years. The company's ventures into autonomous vehicles and partnerships with various AV firms provide ample growth opportunities, side by side its well-established services like Uber Eats and freight. The app boasts a vast user base, which contributes to its market control and pricing power, mitigating competition concerns. However, the looming risks from competitors like Tesla and Waymo, along with a complex regulatory landscape, could hinder progress. Nonetheless, analysts remain optimistic, suggesting that Uber's strategic developments, combined with expanding cash flow, position it well for the future.
Not in positive earnings territory, so not a name he's interested in. High growth, high valuation. Revenues expected to grow by 40%, but won't see a profit till 2023. A growth stock that may be affected by rising interest rates, so be careful. Rise of autonomous vehicles, such as Google's Waymo, may impact names like Uber. Right at 200-day MA, so it may bounce, but he'd be concerned.
(A Top Pick Mar 24/21, Down 8%) He's not panicking, because Uber is a new stock and he holds stocks for 3-5 years. He still believes in it. Short-term worry is a driver shortage. Uber has 65% market share globally and will remain the leader as economies reopen. The Uber Pass is another tailwind. Walgreen's will now use Uber for same-day service. He sees topline growth in coming years and target $70 in the next 18-24 months.