Key Details
Price
$60.63Annual Revenue
$37.28 BAnnual EPS
$0.87Annual ROE
17.81%Beta
1.28Events Calendar
Next earnings date:
Feb 07, 2025Recent quarterly earnings:
Oct 31, 2024Recent annual earnings:
Feb 07, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
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Institutional Ownership
Uber and Lyft are well-known companies in the ride-hailing industry. Uber is the top company in the U.S. and several other nations, while Lyft is smaller and only operates in the U.S. and Canada.
Eric Sheridan, a managing director at Goldman Sachs, appears on 'Closing Bell Overtime' to discuss the recent drop in tech stocks and share his investment strategy for the tech sector in 2025.
Uber's stock is currently undervalued because of negative market views on self-driving cars, but its solid fundamentals and strong business model suggest it's a good investment. The company has advantages like a strong urban mobility database, loyal customers, and a diverse range of services. Even with the challenges posed by autonomous vehicles, Uber's partnerships, regulatory protections, and leading position in the market will help it keep growing and stay important in the ride-hailing industry.
According to The Wall Street Journal on Thursday, regulators in Taiwan have stopped Uber Technologies' plan to buy the Singapore-based online food delivery service Foodpanda for $950 million.
Uber shares present a good investment chance after dropping almost 30% from their peak in mid-October. I believe the market is being too negative, fixating on the idea that self-driving cars and robotaxis will quickly take over regular ride-hailing services. However, if we look past this idea, Uber still shows strong growth potential with rising profits and cash flow.
Taiwan has turned down Uber's proposal to acquire Delivery Hero's Foodpanda in the region, saying on Wednesday that the agreement would greatly damage competition in the market.
On October 11, Uber's stock reached a record high of $86.34, which is a 92% increase from its initial public offering (IPO) price of $45.
Eric Sheridan, a senior equity research analyst for the US internet sector at Goldman Sachs, thinks the tech industry is well-positioned as we approach 2025. He has chosen rideshare company Uber Technologies (UBER) as his top pick for large-cap stocks in 2025.
MasTec and Target are featured in the Zacks Bull and Bear of the Day article.
I have changed my opinion on Uber from negative to positive, considering it an interesting investment because of its lower valuation and a clearer outlook for 2025. I believe Uber is in a strong position to lead the rideshare market, thanks to solid partnerships, an increasing number of users, expanding markets, and a 4.7% free cash flow yield. Additionally, Uber's extensive data collection adds to its value by providing insights into consumer behavior, making it more than just a rideshare or delivery service.
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