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Uber is now a verb like Google

*Update: This stock alert was made on April 18, 2023 at $32.08 a share. As of June 28, 2023, the stock has risen to $45.24 a share.

Mentioned: Uber Technologies, Inc. (UBER)

By: Kevin Evans,

On April 18th, 2023 we made a stock alert on Uber Technologies, Inc. (UBER) at $32.08 a share and added it to our Short & Long Term Portfolio. The stock has reached $45.24 a share as of June 28, 2023. We made this alert, because Uber in our opinion is now the clear leader in the ride-sharing business. Uber is basically in a duopoly along with Lyft, Inc., but Lyft is continually losing share to Uber. "Uber" is now the verb when it comes to ride sharing. Additionally, we love how Uber is branching out to Uber Freight and Uber Rentals.

On Uber's last quarterly report the Company beat on the top and bottom lines and swung to a positive earnings of $0.29 a share compared to an expected loss of $0.21 a share. Revenue grew 49% year over year. At the stock's price back in April, we believed UBER was undervalued and should trend higher and of course it has. Barring any unforeseen dramatic changes in their business, world politics, and/or economy, we continue to like the stock on pullbacks and expect pullbacks to be short-lived. At the time of our alert, we gave the stock a Short Term Price Target of $37, which it has breached. We are now raising that target to $49 a share... expecting that target to be breached within 1-3 months.


$49 (Raised from $37 target hit)


Clear Leader in a duopoly environment, Entered profitability, Strong 49% year/year Revenue growth, the verb in ride sharing




Feb. 08, 2023 - Uber Technologies (UBER) reported Quarter December 2022 earnings of $0.29 per share on revenue of $8.6 billion. The consensus estimate was a loss of $0.21 per share on revenue of $8.5 billion. The Earnings Whisper number was for a loss of $0.17 per share. Revenue grew 49.0% on a year-over-year basis.


The stock has a 52 week low of $20.59 and a high of $45.24. Strong support is around $37

.00 a share.


Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services. The Delivery segment allows to search for and discover restaurants to grocery, alcohol, convenience, and other retails; order a meal or other items; and Uber direct, a white-label Delivery-as-a-Service for retailers and restaurants, as well as advertising. The Freight segment manages transportation and logistics network, which connects shippers and carriers in digital marketplace including carriers upfronts, pricing, and shipment booking; and provides on-demand platform to automate logistics end-to-end transactions for small-and medium-sized business to global enterprises. Uber Technologies, Inc. was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. The company was founded in 2009 and is headquartered in San Francisco, California.




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