NYSE:UBER

Uber (UBER)

68.11
+0.23 (0.34%)
as of Oct 2, 2026, 8:00:00 pm Market Open.
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DON'T BUY

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.

PAST TOP PICK

(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.

COMMENT
The worrying part is that costs go up if contractors are actually employees of the company. Uber Eats is doing well. CEO has stepped back from money-losing ventures. Easy, effective service. Reopening economy will give them better numbers.
BUY
He recently added it. It has had the benefit of the re-opening. It will come back strongly over the next two to three years. There has been a huge boom in Uber-eats and it is unknown how this will work when people go out to eat. He sees them as the global leader and it is all about scale. It is still cheap. He'd be looking to buy more here.
BUY ON WEAKNESS
The company is saying they will be profitable this year. It is a profitable brand in his opinion, with many ways to monetize. A good recovery stock that you want to own. Depending on your risk tolerance, you can accumulate at these levels on dips.
BUY
Allan Tong’s Discover Picks On the same day, analyst Youssef Squali of Truist Financial signaled a buy with a price target of $66. On the same morning, Uber leapt 4% to nearly $60. Squali is actually more conservative than his peers, who foresee a mean PT of $72.96. As with SNAP stock, Uber investors are betting on future performance. Uber’s growth is literally driven by the reopening south of the border (Canada will lag until vaccinations catch up). Again like SNAP, Uber stock’s current fundamentals reflect negative earnings and profit margins and a huge PE. Read 3 Promising Stock Upgrades: SNAP, Uber, Corus for our full analysis.
COMMENT
Given more vaccinations and a recent upgrade, how is this stock long term? Uber consolidated in food delivery. He needs to see how Uber will do with the reopening; take-out and delivery may suffer a plunge as people want to eat in restaurants.
TOP PICK
Global leader. Deliveries are firing on all cylinders. Reaching critical masses in densities and geographies. In economies that are recovering faster, they're almost back at 100% pre-Covid bookings. Sees topline growth 40-50% over next 2 years, and sees stock approaching $80. Going to be a go-to platform in the last-mile solution for prescriptions and alcohol. No dividend. (Analysts’ price target is $71.74)
BUY
How does this keep rising during lockdowns? Yes, because Uber Eats keeps it going, a crusher. Once there's a consolidation in the food delivery business and more people get vaccines, this will be a winner.
TOP PICK
At intersection of two secular growth stories, ride sharing and food delivery. Pandemic drop in ride sharing almost offset by rise in Uber Eats. Still has a decent liquidity position. Ride sharing will come back. Rewards will keep Uber Eats users loyal. No dividend. (Analysts’ price target is $56.34)
BUY ON WEAKNESS
Allan Tong’s Discover Picks Uber stock hit an all-time low of $25.58, a brutal 43% plunge below its IPO price. Uber stock didn’t return to $45 until the first week of November. Since then, the driving-service company has performed well, touching $55 on Nov. 30. In fact, it’s doing too well, and I suggest buying this on a 5-10% pullback. Read The Truth About ABNB’s Worth and Caution on IPOs for our full analysis.
BUY
Very well-run, and Uber Eats is keeping it alive, and UE is doing very well.
BUY

This and Lyft benefited from California voters rejecting proposition 22 which would have classified their drivers as employees, which would have increased their costs. Uber shot up today.

RISKY
Allan Tong’s Discover Picks The ride-sharing giant is the poster child of overhyped, underbought tech IPO's. It's traded above its $45 initial asking price of May 2019 only twice, which was brief and happened in its early days. The year began promisingly when it rose from $20 to $30. Then, Covid hit and the stock plunged to below $14. No surprise, but what was unexpected was the sharp snapback after the March 18 bottom to $37.10 on June 5 when the first wave of reopenings happened across North America. Of course, the number of car rides plunged, but sales of Uber Eats—the food delivery services—shot up 160% during the lockdown, in the U.K. for example. The food delivery business has kept Uber afloat. Read Uber Stock and Splunk Stock: 3 More Exciting Top Tech Stocks to Watch for our full analysis.
PARTIAL BUY
It's doing okay, neither overbought nor oversold. Uber Eats will remain strong as people order take-out and will continue to until the cows come home. Also, restaurants are opening a little which helps more. Industry consolidation is another tailwind.
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