Business
The Death of UBER is “Slightly” Exaggerated
By TradingKey  •  December 24, 2024

 Summary

For Uber investors, 2024 was like a rollercoaster ride. In October, the stock was up 50% year-to-date, but in the last two months it went down nearly 30%. There are two main reasons for the dive. The first one is the positive development of Tesla and Waymo when it comes to autonomous vehicles and robotaxis. The second one has to do with the softer than expected business outlook with more tepid gross bookings growth on the platform. We believe the investor overestimated these two risks and punished UBER a bit too severely, sending the stock to an attractively valued territory. Currently the stock is traded at a 25% discount from its true potential value.

Source: TradingView

Overview

Company Profile

Uber is arguably the most successful company in the so-called “gig economy”. It is mainly engaged in the ride-hailing business (providing a platform that connects travelers and drivers, charging them a percentage-based commission per ride).

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By TradingKey
TradingKey is a comprehensive financial education and news analysis website, providing real-time market data, financial news coverage across commodities, cryptocurrencies and more, as well as professional trading courses.
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