Uber Tech (UBER)

Uber Tech (UBER)

Postby winston » Fri Mar 22, 2019 7:59 am

not vested

Uber
Valuation: $120 billion

The world’s top ride-hailing company, Uber has been working toward an IPO for the past two
years.

The company hired former Expedia Group (EXPE) CEO Dara Khosrowshahi to replace scandal plagued founder Travis Kalanick.

Khosrowshahi then set to work recruiting former Merrill Lynch CFO Nelson Chai as chief financial officer to handle the IPO process.

The company has also been publishing financial statements for several quarters now that show
growing revenue but substantial losses.

Source: BF Publishing
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Re: Uber

Postby behappyalways » Fri Apr 12, 2019 1:53 pm

Uber warns it may not make a profit in IPO documents
https://www.bbc.com/news/business-47900163
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Re: Uber

Postby behappyalways » Sat May 11, 2019 9:17 pm

Uber shares sink on stock market debut
https://www.bbc.com/news/business-48230688
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Re: Uber

Postby winston » Fri Jan 10, 2020 3:57 pm

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Uber, $50 Price Target (49% Upside)

Uber is showing "a shift from focus on growth at any cost to 'profitable growth,'" Canaccord said. Visibility into profits is perhaps the most important key to Uber's story.

"We currently estimate that Uber will reach adjusted EBITDA profitability by 2021, a year sooner than we had previously expected amidst cost-cutting measures," Cannacord wrote.

For 2021, analysts polled by FactSet are looking for Uber to lose $68 million before accounting for interest, tax, depreciation and amortization. But Canaccord is looking for adjusted EBITDA in 2021 of $469 million.

Driving that profit would be what analysts call "price rationalization," or phasing out discounts and cash back rewards to compete for riders.

Also, both companies will look to reduce driver insurance expense, which they record as a cost of revenue.

But Canaccord also expects Uber to implement price rationalization with Uber Eats, which is both facing serious competition and very unprofitable.

RBC Capital Markets analyst Mark Mahaney recently wrote in a note he thinks Uber can reach profitability in 2020.

Source: The Street
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Re: Uber

Postby winston » Sat Feb 22, 2020 9:36 pm

Overhyped Uber Technologies Should Currently Trade Below $20 Due To Many Reasons

Summary

Uber has been reporting massive losses while burning cash with no end in sight, primarily due to fierce competition, low-margin businesses and lack of economies of scale.

Also, Uber's Rides, its core business, is facing serious challenges in its core markets because the gig economy is under attack by regulators worldwide, which has been downplayed so far.

Proforma the Careem deal, net debt has risen significantly, and due to continued cash burn, Uber will announce a debt or an equity offering or both in the next few months.

We believe that Uber should currently trade below $20 per share or about 1 times its revenue due to many reasons.

Uber is an overhyped stock that could end up being another fad with its shares going to zero or almost zero in the next five years, same like Sidecar.

Uber burned about $2.5 billion in Q4 2019 alone.

Uber's positive net debt (debt exceeds cash and cash equivalents) could reach or exceed $4 billion by the end of 2020.

Source: Seeking Alpha

https://seekingalpha.com/article/432529 ... ent=link-6
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Re: Uber

Postby winston » Wed Apr 29, 2020 9:02 pm

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Uber Technologies Inc. (NYSE: UBER)

The Uber Eats business may have thrived for a moment as the coronavirus lockdown was introduced. But ultimately, business for drivers is slowing down with people staying home.

Uber’s financials weren’t sound to begin with. Negative cash flow has gone from $2 billion to nearly $5 billion.

The company has struggled to get profitable, going from $4 billion to $8 billion in the red since 2017. In fact, at its IPO last year, it warned investors that it may never be profitable.

The company has been in a price war with other driving services like Lyft Inc. (NASDAQ: LYFT), making rides dirt-cheap.

The only battlefield left will be innovation in driverless vehicles. But with Google and Tesla Inc. (NASDAQ: TSLA) taking the lead in that sector, chances of success are slim.

Source: Money Morning
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Re: Uber

Postby winston » Wed Apr 29, 2020 9:32 pm

Uber is reportedly considering laying off as much as 20% of its workforce, or about 5,400 workers.

Source: CNBC
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Re: Uber

Postby winston » Fri May 15, 2020 1:34 pm

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Uber Technologies (UBER)

The popular ride sharing app got a boost last week when it reported better than expected Q1 earnings – and an increase in ride volume after hitting bottom in April.

Uber has also made a move to acquire competitor Grubhub. The potential deal values Grubhub at $6.9 billion, and would add 24 million active users to Uber Eats, giving UBER a 55% market share.

Youssef Squali, 5-star analyst with SunTrust Robinson, covers UBER, and he is impressed by the acquisition move. He writes of the possibility, “We believe consolidation would improve the profit pool for the industry, and complementary strengths in Grubhub's restaurant supply and Uber's delivery network are obvious and compelling.”

Squali’s Buy rating on UBER is supported by his $50 price target, showing his confidence in a 51% upside potential here.

Overall, the analyst corps likes UBER stock almost as much as Squali does. UBER’s 30 reviews break down to an impressive 26 Buys, and just 3 Holds and 1 Sell, making the analyst consensus rating a Strong Buy.

Shares are selling for $31.79, and the average price target of $39.59 suggests the stock has room for a 25% upside potential in the coming year.

Source: TipRanks
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Re: Uber

Postby winston » Wed Dec 09, 2020 8:36 pm

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A 'BAD TO LESS BAD' RALLY FROM THIS RIDE-HAILING GIANT

Today's chart shows a big-name company that has shot up from its crash in the spring...

As Steve has noted before, you can often find the biggest gains in stocks that are going from "bad to less bad." A bad situation doesn't have to turn all the way around... Even a little good news can spur on a major rally. And that's what we're seeing with today's company...

Uber Technologies (UBER) is a $95 billion ride-hailing giant. This company gets people from place to place, and also delivers food with its Uber Eats platform.

But in mid-March, its shares plunged as the coronavirus swept the U.S. The company continues to see declining revenues... But with news of a COVID-19 vaccine in the works, investors are hopeful that returning customers will spark a demand for services like Uber and Lyft again. And the stock has gone from "bad to less bad" on the news...

As you can see, shares are up an incredible 260% since their March lows... And they recently hit an all-time high. It goes to show that when investors forget their fears, beaten-down stocks can climb higher than anyone expects...

Source: Daily Wealth
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Re: Uber Tech (UBER)

Postby winston » Tue Apr 13, 2021 8:32 am

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Uber —Shares of the ride hailing giant rose 3.1% after posting record gross bookings in the month of March.

Uber said its mobility segment, or ride-hailing business, posted its best month since March 2020, with an annualized run rate of $30 billion. That was up 9% from a month earlier.

Source: CNBC
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