Buying it could be like buying Meta or Google stock under $100.In this video, I will cover the recent updates regarding Uber (UBER -1.14%) and explain why I'm buying this stock despite all the noise around the company. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Dec. 12, 2024. The video was published on Dec. 13, 2024. ...

Core Viewpoint - Uber Technologies has experienced a significant decline in stock price, dropping 25% from its recent highs, primarily due to increased competition from Waymo's expansion into driverless taxis [1][2] Group 1: Financial Performance - Uber reported record earnings in its latest October earnings report, with revenue reaching its highest ever and earnings exceeding analyst forecasts by 200%, resulting in a 55% year-over-year increase in income from operations [3][4] - The company achieved over $1 billion in GAAP operating income for the first time in its history, indicating strong profitable growth [4] Group 2: Analyst Sentiment - Analysts remain bullish on Uber, with a 12-month stock price forecast averaging $90.51, representing a 47.39% upside potential [6] - JMP Securities and other firms have reiterated positive ratings, with price targets ranging from $95 to $120, suggesting significant upside potential despite recent stock declines [6][7] Group 3: Market Position and Technical Indicators - Despite competition concerns, Uber's strong brand and market share position it well for future growth, with technical indicators suggesting the stock is oversold and may be poised for a rally [10][12] - The Relative Strength Index (RSI) is currently at 33, indicating the stock is nearing extreme oversold territory, which could signal a potential rebound if it closes above $67 [11]

Uber Technologies (UBER) ended the recent trading session at $61.41, demonstrating a +0.38% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.54% loss on the day. Meanwhile, the Dow experienced a drop of 0.53%, and the technology-dominated Nasdaq saw a decrease of 0.66%.Shares of the ride-hailing company have depreciated by 14.03% over the course of the past month, underperforming the Computer and Technology sector's gain of 3.76% and the S&P 500's gain of 1.5%.The investmen ...

When looking out into 2025, we think there is one theme which is more likely to have an impact on your portfolio than anything else: Valuations .At PropNotes, we focus on finding high-yield investment opportunities for individual investors.With our background in professional Prop Trading, we make complex concepts easy to understand and offer clear, actionable advice to help you achieve better returns. All of the analysis we produce is designed to help you make smart decisions in the market, backed by expert ...

Investors interested in Internet - Services stocks are likely familiar with Uber Technologies (UBER) and The Trade Desk (TTD) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks wit ...

Uber Technologies (UBER) has been beaten down lately with too much selling pressure. While the stock has lost 14% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillato ...

Hailed as one of the biggest success stories in tech, Uber (NYSE: UBER) has had an interesting year. Uber stock experienced significant volatility in 2024 — at the beginning of the year, prices shot up from $57 to $81 in mid-February, before entering a gradual decline to $63.97Following this, Uber shares reached a yearly low of $58.48 in early August. However, prices rebounded following a standout earnings quarter, which saw a beat in terms of both revenue and earnings per share (EPS), as well as Uber’s adv ...

Uber Technologies, Inc. (NYSE:UBER) Barclays 22nd Annual Global Technology Conference Call December 11, 2024 4:20 PM ET Company Participants Prashanth Mahendra-Rajah - Chief Financial Officer Conference Call Participants Ross Sandler - Barclays Ross Sandler All right. We're going to get started. Thanks for everybody joining this meeting. My name is Ross Sandler. I'm in charge of Internet Research here at Barclays in the US. Super excited to have Prashanth from Uber. This isn't Prashanth's first time at the ...

Summary of Uber Technologies, Inc. Conference Call Company Overview - **Company**: Uber Technologies, Inc. (NYSE: UBER) - **Event**: Barclays 22nd Annual Global Technology Conference Call - **Date**: December 11, 2024 Key Points Industry Insights - **Annual Gross Bookings**: Uber is operating at approximately $165 billion in annual gross bookings, with an average ride cost of around $20 and an average delivery basket size of about $30 [3][4][6] - **Market Share and Competition**: In San Francisco, Uber's year-over-year gross bookings growth rates are above the US average, indicating stability despite competition from autonomous vehicle (AV) services like Waymo [6][8] - **AV Market Dynamics**: The introduction of AVs is seen as critical for Uber to expand supply and grow the business. The company believes AVs will help increase market penetration, which currently stands at about 20% in top markets [8][13] Financial Performance - **Gross Bookings Growth**: For Q3, Uber reported a gross bookings growth of around 24%, with guidance for Q4 indicating a similar low 20s percentage. This deceleration is attributed to tough year-over-year comparisons and increased insurance costs in certain markets [16][17] - **Long-term Growth Projections**: Uber aims for a gross bookings CAGR in the mid to high teens over the next three years, with EBITDA growth projected in the high 30s to 40% range [16] Operational Strategy - **Technology and Operations**: Uber operates with a dual focus on technology and operations, managing a large-scale rideshare network efficiently. The company has sophisticated algorithms for routing and matching, which are essential for maximizing vehicle utilization [8][9] - **Fleet Management**: Uber is expanding its fleet management capabilities, particularly in partnerships with Waymo in cities like Austin and Atlanta, where they aim to optimize operations and drive vehicle utilization [10][11] Membership and User Engagement - **Uber One Membership**: The Uber One program has over 25 million active members, growing at 70% year-over-year. Members use Uber services three times more than non-members, indicating strong engagement and cross-product usage [18][19] Delivery Business Growth - **Delivery Segment Performance**: The delivery business is experiencing 17% growth, with grocery services growing at a faster rate. The partnership with Instacart is helping to drive market share in suburban areas [20] Insurance and Cost Management - **Insurance Costs**: Uber has faced headwinds from rising insurance costs, but improvements in the industry environment are expected to reduce these costs significantly in 2025 [17] Future Outlook - **Market Opportunities**: The company sees potential in both domestic and international markets for AV deployment, with varying regulatory environments impacting growth rates [13] Additional Insights - **Consumer Behavior**: There is a notable trend of consumers experimenting with AVs, akin to the initial excitement seen with new attractions at theme parks, which may influence demand patterns [6] - **Operational Efficiency**: Uber's operational model allows for a low take rate, which helps maintain competitive advantages and encourages cost efficiency within the organization [17] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting Uber's operational strengths, market challenges, and growth opportunities in the evolving landscape of mobility and delivery services.

Uber reportedly told New York City’s taxi regulator that proposed changes to commercial auto insurance requirements may leave drivers unable to insure their vehicles.The company submitted written comments ahead of the Taxi and Limousine Commission’s public hearing Wednesday (Dec. 11), Bloomberg reported Wednesday.The TLC’s proposed changes, which apply to rideshare cars as well as yellow cabs, would require TLC-licensed vehicles to be covered by an insurance policy issued by a “solvent and responsible compa ...