andresr In previous articles, we have been quite bullish on Uber (NYSE:UBER), the American technology firm that's disrupting global mobility & delivery infrastructure. Back in June of 2023, we published for the first time on the company, in an article titled: "Uber: Revenue Could Double By 2026". The core thesis of this piece was that Uber's platform appeared sticky, and management seemed to be doing a good job at cross-monetizing it's growing userbase. This dynamic could lead to significant continued top l ...

Ivan Pantic/E+ via Getty Images It is time to downgrade Uber (UBER). The company has proven the doubters wrong - and the stock has taken off in tandem. The company capitalized on the pandemic to increase the synergistic power of its ridesharing and food delivery ecosystem, leading to improved competitive positioning in relation to its closest ridesharing peer. The company has held on to its profitability gains and continues to show operating discipline. Together with its solid balance sheet, the company app ...

adamkaz Uber Technologies (NYSE:UBER) has done a great job of scaling its business and becoming a winner in both ridesharing and food delivery. However, with the stock more than doubling over the past year, the name looks close to fairly valued at the moment. Company Profile UBER is a rideshare, delivery, and logistics company that operates in three segments. Its Mobility segment connects passengers with transportation including ridesharing, carsharing, taxis, public transport, and rentals. The company oper ...

Uber Technologies (UBER) closed the most recent trading day at $63.47, moving +1.7% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.07%.Coming into today, shares of the ride-hailing company had gained 0.71% in the past month. In that same time, the Computer and Technology sector gained 2.5%, while the S&P 500 gained 3.98%.The upcoming earnings release of Uber Technologies will be of great interest to investors. The company's upcoming EPS is projected ...

Key TakeawaysThe last trading day of 2023 was a loser for U.S. equities, with the S&P 500 dropping 0.3%.Uber Technologies was downgraded by Nomura, which said the potential growth for the stock was already priced in.Boston Scientific said it was optimistic U.S. regulators would approve its system to treat irregular heartbeats in the early part of next year.U.S. equities ended the last trading day of 2023 on a down note, with the S&P 500 falling 0.3% and missing a chance to set an all-time high.However, the ...

Uber Technologies, Inc. (NYSE:UBER) broke the potential $60 resistance amid growing bullish bets. The stock traded at $62, its highest since March 2021, shy of its record $64 as of February 2021. But Uber buyers are not yet done, as analysts believe the stock has more than 20% upside potential.Oppenheimer and Fox Advisors are optimistic that Uber can proceed to the $75 price. Citi analysts hold a similar view, maintaining a bullish sentiment on the ride-hailing stock. Citi sees strong Uber fundamentals, cit ...

Uber Stock Price Prediction in 2030: Bull, Base & Bear Forecasts Spencer Platt / Getty Images News via Getty Images On May 10, 2019, Uber Technologies Inc. (NYSE: UBER) opened for trading on the New York Stock Exchange. The company had priced the stock at the low end of its $44 to $50 range, and the first trades were made at $42. Hardly an auspicious beginning.Uber raked in $8.1 billion at the IPO, valuing it at around $75 billion. At the time, it was one of just 53 U.S.-listed firms worth at least $10 bi ...

When it comes to consumer internet stocks, investors might be eyeing Lyft (LYFT 3.52%) as a potential buying opportunity right now.Its revenue growth accelerated in the most recent quarter, and it enjoys a strong competitive advantage thanks to network effects. And its stock, which is 80% below its peak price, currently trades at an affordable price-to-sales ratio of 1.3.These might appear to be compelling arguments for scooping up shares of Lyft, but this would be the wrong move because its chief rival is ...

Driving for Lyft or Uber during the holiday season can help you bring in extra income, but you must make sure you’re properly covered so you don’t end up in a financial crisis. Upgrading to rideshare insurance can help fill coverage gaps, keeping you protected on icy roads during busy holiday shifts. Here’s a look at how rideshare insurance works, what it pays for, and when you must have it to stay protected this winter. Learn more: How does car insurance work? The basics explained What is rideshare co ...

Financial Data and Key Metrics Changes - Q3 2023 marked a strong quarter for the company with year-on-year trip growth accelerating to 25% from 22% in Q2, outpacing gross bookings growth for the third consecutive quarter [9] - Adjusted EBITDA exceeded Q3 outlook, with the adjusted EBITDA margin exceeding 3% for the first time [10] - The company reported that earners earned $15.9 billion in Q3, up 23% on a constant currency basis [59] Business Line Data and Key Metrics Changes - The Mobility business saw strong growth, with UberX growing over 20% year-on-year, driven by an increase in the number of drivers on the platform, now at 6.5 million earners, up over 30% year-on-year [22][59] - New growth initiatives, including hailables products, are generating $9 billion in annual run rate, growing over 80% year-on-year [23] - The company is focusing on expanding its product offerings, including low-cost options like UberX Share, which is gaining traction among lower-income consumers [62] Market Data and Key Metrics Changes - The Asia Pacific and Latin America regions showed substantial year-on-year growth, with significant contributions from new products and services [19][20] - International markets with large GDPs, such as Germany, Spain, and Argentina, grew more than 150% year-on-year, indicating strong potential for future growth [24] Company Strategy and Development Direction - The company aims to scale GAAP operating income and free cash flow while making disciplined investments to fund growth initiatives that deliver long-term value [16] - The focus is on enhancing the user experience through machine learning and data analytics to improve matching and conversion rates [35][40] - The company is optimistic about expanding its Uber for Business segment and exploring new verticals like health and transit [41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to operate under various regulatory frameworks while maintaining flexibility for drivers and couriers [82] - The company has not observed significant consumer spending weakness, attributing resilience to the local nature of its business [90] - Future growth is expected to be driven by increased penetration in airport bookings and the expansion of the Uber One membership program [95][50] Other Important Information - The company is transitioning to a new CFO, Prashanth, who is expected to build on the foundation laid by the outgoing CFO, Nelson Chai [11] - The advertising business is progressing well, with a target of exceeding $1 billion in revenue, focusing on larger advertisers and sophisticated technology [109] Q&A Session Summary Question: What are the drivers of the acceleration in Mobility gross bookings in Q3? - Management highlighted strong audience and frequency trends, particularly in APAC and LatAm markets, and the introduction of new products like Moto [14][15] Question: What are the biggest drivers of sustainable mobility gross bookings growth? - The core UberX business is driven by adding more drivers, with new growth initiatives contributing significantly to overall growth [22][23] Question: How is the company optimizing driver supply? - The company has reduced incentive spending by 41% year-on-year, focusing on maintaining high earnings for drivers and improving onboarding efficiency [53] Question: What is the company's exposure to the Middle East crisis? - The Middle East represents about 2% of overall gross bookings, with some weakness observed in specific countries, but overall impact on the business is minimal [85] Question: How does the company view economic sensitivity? - Management believes the local nature of the business makes it relatively resistant to macroeconomic uncertainties, with consumer spending remaining strong [90] Question: What is the outlook for capital returns to shareholders? - The new CFO will prioritize capital return strategies, including potential buybacks or dividends, as the company is now eligible for S&P inclusion [117]