Is UBER a good stock to buy?
We came across a bullish thesis on Uber Technologies, Inc. on Rijnberk InvestInsights’s Substack by Daan | InvestInsights
In this article, we will summarize the bulls’ thesis on UBER. Uber Technologies, Inc.’s share was trading at $70.71 as of June 5th. UBER’s trailing and forward P/E were 17.92 and 21.55 respectively according to Yahoo Finance.
Leonard Zhukovsky/ Uber Technologies, Inc. (NYSE: UBER) is a global mobility and delivery platform that continues to strengthen its position through powerful network effects, expanding user engagement, growing profitability, and a substantial runway across ride-hailing, delivery, advertising, and autonomous vehicles. The bullish thesis centers on Uber’s ability to compound growth at scale while simultaneously expanding margins and generating significant free cash flow. 15 AI Stocks That Are Quietly Making Investors Rich Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential In the first quarter, the company delivered another strong performance, with trips rising 20% year-over-year to 3.6 billion, monthly active platform consumers increasing 17% to 199 million, and gross bookings growing 21% on a constant-currency basis to $53.7 billion, despite weather disruptions and geopolitical headwinds. Both Mobility and Delivery posted robust growth, supported by product innovation, expanding merchant relationships, increasing subscription adoption through Uber One, and deeper customer engagement.