Uber: Strong Profitability Improvement; Stock Is 40% Undervalued

andresr Uber Technologies (NYSE:UBER) has demonstrated significant gross booking and revenue growth in the past. Their focus on operational efficiencies and expense management has helped improve the take rate and operating margin. I am initiating coverage with a 'Buy' rating and a fair value of $90 per share. Multiple Years Growth in Mobility Business As illustrated in the table below, Uber's mobility business has exhibited robust booking growth and adjusted EBITDA growth over the past few years. Uber 10Ks ...