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.
For the long term The big money has already been made here by private equity investors. But Uber is still growing as a duopoly (with Lyft). It's breaking even on an EBITDA basis and not losing money as some think, but Uber Eats is losing money. Uber enjoyed double-digit growth before the virus, and will likely return to that, but earnings may be weak short term. That said, you will come out ahead for the long term. Uber doesn't spend money on cars, but rather marketing. The scalability also makes this attractive. This will grow, but not as much as in the past.
For the long term The big money has already been made here by private equity investors. But Uber is still growing as a duopoly (with Lyft). It's breaking even on an EBITDA basis and not losing money as some think, but Uber Eats is losing money. Uber enjoyed double-digit growth before the virus, and will likely return to that, but earnings may be weak short term. That said, you will come out ahead for the long term. Uber doesn't spend money on cars, but rather marketing. The scalability also makes this attractive. This will grow, but not as much as in the past.
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 10
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 10
Uber is a American stock, trading under the symbol UBER-N on the New York Stock Exchange (UBER). It is usually referred to as NYSE:UBER or UBER-N
In the last year, 10 stock analysts published opinions about UBER-N. 10 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for Uber.
Uber was recommended as a Top Pick by Michael Hakes - CFA, MBA on 2021-06-22. Read the latest stock experts ratings for Uber.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
10 stock analysts on Stockchase covered Uber In the last year. It is a trending stock that is worth watching.
On 2021-06-22, Uber (UBER-N) stock closed at a price of $49.05.
