Uber up 100% YTD
Uber for anyone who got in near the lows roughly a year ago this has been a great investment. I have seen many folks bash this company (for good reason) during unprofitable times. Howeger, recent performance has signaled a turnaround and people should detach from past emotional views on the company. The money losing machine is now generating solid fcf and with its dominant position on rideshare this will continue.
Valuation now may be more stretched but there's a short to medium term narrative for further upside.
With 2nd quarter of operating income profits, robust growth in gross bookings and potential upcoming inclusion into sp500 there's a fair amount of momentum here. Current indicators also show further runway for continued growth.
Valuation now may be more stretched but there's a short to medium term narrative for further upside.
With 2nd quarter of operating income profits, robust growth in gross bookings and potential upcoming inclusion into sp500 there's a fair amount of momentum here. Current indicators also show further runway for continued growth.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
MonkeyGee : uber is so overvalued it makes Tsla seem like a bargain!
Candida OP MonkeyGee :
Joevy Beh : Short it...
rich zhu : Junk companies, as an Uber online driver, often receive income of only 3 yuan from running 5 steps. Isn't this scavenging what? Not even enough money for gasoline