Trade Alert: Joe Terranova sells Uber

Uber Stock Analysis - An analyst sold Uber personally due to a lack of clarity and concerns about its price ceiling in the low $90s, anticipating a potential retreat and a break below the $80 support level [1][3][4] - Uber's stock is currently trading in a range between $80 and $100 [2] - The analyst community has a generally positive outlook, with 80% of analysts rating Uber as a "buy" and a 12-month price target of $133 [18] Competitive Landscape - Concerns exist regarding long-term competition from Waymo and Tesla in the robo-taxi market [7][9] - Waymo's robo-taxi service is rapidly scaling, with 14 million paid rides served in 2025 so far and on track for 20 million lifetime rides by year-end [11] - Waymo is experiencing a tripling year-over-year growth, achieving 1 million rides per month and targeting 1 million rides per week by the end of 2026 [12] - Waymo claims a 10-fold reduction in serious injury or worse crashes versus human drivers and plans expansion to 20+ new cities in 2026, including Tokyo and London [12] Market Sentiment - Uber's stock experienced a 6% decrease intraday, potentially influenced by Waymo's growth announcements [14][17] - One analyst believes the recent pullback in Uber's stock is not unique and reflects a broader trend in big tech stocks, while another views it as a distinct story [7][8] - Sentiment and positioning are important factors to consider, and a further breakdown in price could lead analysts to revise their ratings from "buy" to "hold" and lower price targets [17][18]